Analysts Anticipate Matador Resources Co (NYSE:MTDR) Will Announce Earnings of $0.24 Per Share

Wall Street analysts expect that Matador Resources Co (NYSE:MTDR) will announce earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Matador Resources’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.11. Matador Resources posted earnings of $0.41 per share in the same quarter last year, which suggests a negative year over year growth rate of 41.5%. The business is scheduled to announce its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Matador Resources will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $1.88. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $0.76 to $4.42. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Matador Resources.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $173.89 million for the quarter, compared to the consensus estimate of $198.76 million. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share.

MTDR has been the topic of a number of recent research reports. Imperial Capital reissued an “outperform” rating and set a $33.00 target price (up from $31.00) on shares of Matador Resources in a research report on Monday, April 1st. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 28th. Wells Fargo & Co set a $33.00 target price on Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. lifted their target price on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a research report on Friday, June 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Matador Resources currently has an average rating of “Hold” and a consensus target price of $32.73.

In other Matador Resources news, President Matthew V. Hairford purchased 2,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $16.78 per share, for a total transaction of $33,560.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley M. Robinson purchased 5,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were acquired at an average price of $16.76 per share, with a total value of $83,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 13,000 shares of company stock worth $222,160. 6.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Capital Group LLC raised its stake in shares of Matador Resources by 91.5% in the first quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after acquiring an additional 1,071 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Matador Resources in the first quarter valued at approximately $74,000. Zions Bancorporation N.A. bought a new position in shares of Matador Resources in the first quarter valued at approximately $91,000. Gradient Investments LLC bought a new position in shares of Matador Resources in the first quarter valued at approximately $102,000. Finally, Lake Point Wealth Management bought a new position in shares of Matador Resources in the fourth quarter valued at approximately $153,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

Shares of NYSE:MTDR traded up $0.04 during midday trading on Friday, hitting $17.66. The company’s stock had a trading volume of 2,134,638 shares, compared to its average volume of 2,458,315. The firm has a market capitalization of $2.06 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.98. The stock’s 50 day moving average is $18.11. Matador Resources has a fifty-two week low of $13.97 and a fifty-two week high of $34.90. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78.

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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