Brokers Offer Predictions for Matador Resources’ Q4 2024 Earnings (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Research analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Matador Resources in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst N. Banerjee now expects that the energy company will earn $1.90 per share for the quarter, down from their prior forecast of $1.92. The consensus estimate for Matador Resources’ current full-year earnings is $6.87 per share. Zacks Research also issued estimates for Matador Resources’ Q1 2026 earnings at $1.58 EPS.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The firm had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. During the same period in the previous year, the company earned $2.08 earnings per share. Matador Resources’s revenue for the quarter was up 18.2% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the company. Raymond James decreased their price target on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, January 8th. Roth Mkm restated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. JPMorgan Chase & Co. raised their target price on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Truist Financial raised their target price on Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Matador Resources Stock Down 2.0 %

Matador Resources stock traded down $1.31 during trading on Wednesday, hitting $65.65. 1,578,653 shares of the company were exchanged, compared to its average volume of 1,379,497. The business’s 50 day moving average is $64.11 and its 200 day moving average is $59.78. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08. The company has a market capitalization of $7.85 billion, a P/E ratio of 9.50 and a beta of 3.32. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, February 22nd. Matador Resources’s payout ratio is 11.35%.

Institutional Investors Weigh In On Matador Resources

Several institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Matador Resources during the 1st quarter worth approximately $34,000. Oakworth Capital Inc. acquired a new position in shares of Matador Resources during the 4th quarter worth approximately $31,000. Financial Management Professionals Inc. acquired a new position in shares of Matador Resources during the 4th quarter worth approximately $34,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Matador Resources during the 4th quarter worth approximately $35,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.