Earnings per share of $2.02 expected for Matador Resources (NYSE:MTDR) this quarter
Equity research analysts expect Matador Resources (NYSE:MTDR – Get Rating) to report earnings of $2.02 per share for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Matador Resources, with the highest EPS estimate of $2.24 and the lowest estimate of $1.75. Matador Resources posted earnings per share of $0.71 in the same quarter last year, which would indicate a positive growth rate of 184.5% year-over-year. The company is expected to release its next earnings report after the market closes on Monday, January 1.
On average, analysts expect Matador Resources to report annual earnings of $9.39 per share for the current fiscal year, with EPS estimates ranging from $8.02 to $10.54. For the next fiscal year, analysts expect the company to post earnings of $8.67 per share, with EPS estimates ranging from $7.45 to $10.43. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side research firms that cover Matador Resources.
Matador Resources (NYSE:MTDR – Get Rating) last reported quarterly results on Tuesday, February 22. The energy company reported earnings per share (EPS) of $1.26 for the quarter, beating the Zacks consensus estimate of $1.02 by $0.24. The company posted revenue of $566.36 million in the quarter, versus a consensus estimate of $392.11 million. Matador Resources had a return on equity of 27.66% and a net margin of 35.18%. In the same period a year earlier, the company posted earnings per share of $0.27.
Several analysts have released reports on the stock. Stifel Nicolaus raised his price target on Matador Resources shares from $56.00 to $58.00 and gave the company a “buy” rating in a Wednesday, February 23 report. Wells Fargo & Company raised its price target on shares of Matador Resources from $55.00 to $66.00 and gave the company an “overweight” rating in a Monday, March 14 research report. Raymond James raised his price target on shares of Matador Resources from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday. Truist Financial raised its price target on Matador Resources from $71.00 to $85.00 in a research note on Thursday. Finally, Royal Bank of Canada raised its price target on Matador Resources from $53.00 to $57.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 23 research note. Three research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus buy rating and a consensus target price of $56.00.
Shares of Matador Resources were down $1.21 on Monday, hitting $51.08. 2,885,317 shares were traded, against an average volume of 2,207,312. The company has a market capitalization of $6.03 billion, a PE ratio of 10.40 and a beta of 4.04. Matador Resources has a 1-year low of $23.73 and a 1-year high of $59.27. The company has a fifty-day moving average price of $52.47 and a two-hundred-day moving average price of $45.57. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt ratio of 0.72.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 14. Shareholders of record on Friday, March 4 received a dividend of $0.05. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 3. Matador Resources’ dividend payout ratio is currently 4.07%.
A number of institutional investors have been buying and selling stocks recently. BlackRock Inc. increased its stake in Matador Resources by 1.2% during the fourth quarter. BlackRock Inc. now owns 17,085,728 shares of the energy company worth $630,805,000 after purchasing an additional 210,367 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Matador Resources by 24.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,420,451 shares of the energy company valued at $89,364,000 after purchasing an additional 482,042 shares during the period. Invesco Ltd. increased its stake in shares of Matador Resources by 61.2% in the fourth quarter. Invesco Ltd. now owns 2,387,811 shares of the energy company valued at $88,158,000 after purchasing an additional 906,304 shares during the period. William Blair Investment Management LLC increased its stake in shares of Matador Resources to 49,366.9% in the third quarter. William Blair Investment Management LLC now owns 2,112,235 shares of the energy company valued at $80,349,000 after purchasing an additional 2,107,965 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Matador Resources by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,952,418 shares of the energy company valued at $72,083,000 after purchasing an additional 15,560 shares during the period. Institutional investors and hedge funds hold 87.40% of the company’s shares.
About Matador Resources (Get an evaluation)
Matador Resources Company, an independent energy company, is engaged in the exploration, development, production and acquisition of oil and gas resources in the United States. It operates through two segments, Exploration and Production; and intermediate. The Company primarily holds interests in the Wolfcamp and Bone Spring areas of the Delaware Basin in southeastern New Mexico and western Texas.
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