Zacks: Brokerages Expect Matador Resources Co (MTDR) Will Announce Earnings of $0.21 Per Share

Analysts forecast that Matador Resources Co (NYSE:MTDR) will report $0.21 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have issued estimates for Matador Resources’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.34. Matador Resources posted earnings of $0.36 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 41.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Matador Resources will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $0.79 to $1.74. For the next fiscal year, analysts forecast that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $1.29 to $4.57. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Matador Resources.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The firm had revenue of $202.10 million during the quarter, compared to analysts’ expectations of $202.83 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis.

A number of research analysts have issued reports on the company. Wells Fargo & Co reissued a “hold” rating on shares of Matador Resources in a research note on Friday, April 12th. Zacks Investment Research cut Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Northland Securities reissued a “buy” rating and issued a $32.00 target price on shares of Matador Resources in a research note on Tuesday, February 26th. Raymond James set a $24.00 target price on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Capital One Financial cut Matador Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.13.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. SG Americas Securities LLC raised its holdings in Matador Resources by 16.7% during the third quarter. SG Americas Securities LLC now owns 22,170 shares of the energy company’s stock worth $733,000 after acquiring an additional 3,176 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Matador Resources by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 1,363,023 shares of the energy company’s stock worth $45,048,000 after acquiring an additional 36,268 shares in the last quarter. Credit Suisse AG raised its holdings in Matador Resources by 36.9% during the third quarter. Credit Suisse AG now owns 123,814 shares of the energy company’s stock worth $4,093,000 after acquiring an additional 33,353 shares in the last quarter. United Services Automobile Association raised its holdings in Matador Resources by 103.7% during the third quarter. United Services Automobile Association now owns 34,448 shares of the energy company’s stock worth $1,139,000 after acquiring an additional 17,534 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Matador Resources by 53.0% during the third quarter. Tower Research Capital LLC TRC now owns 8,015 shares of the energy company’s stock worth $265,000 after acquiring an additional 2,777 shares in the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.

NYSE:MTDR traded down $0.11 on Friday, reaching $20.82. The company’s stock had a trading volume of 1,523,114 shares, compared to its average volume of 2,390,735. Matador Resources has a 1-year low of $13.97 and a 1-year high of $35.22. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.89 and a beta of 1.87.

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 in 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.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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