Matador Resources Co (MTDR) Expected to Post Quarterly Sales of $200.90 Million

Equities analysts expect that Matador Resources Co (NYSE:MTDR) will report sales of $200.90 million for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Matador Resources’ earnings, with the lowest sales estimate coming in at $189.00 million and the highest estimate coming in at $213.50 million. Matador Resources reported sales of $191.18 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to report its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Matador Resources will report full year sales of $902.73 million for the current year, with estimates ranging from $829.40 million to $966.35 million. For the next fiscal year, analysts expect that the firm will report sales of $1.21 billion, with estimates ranging from $1.08 billion to $1.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Matador Resources.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The business 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 business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year.

A number of research analysts recently issued reports on the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of Matador Resources in a report on Wednesday, March 13th. Zacks Investment Research cut Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. 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. Imperial Capital restated an “outperform” rating and issued a $33.00 target price (up previously from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. Finally, SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research note on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.13.

Shares of Matador Resources stock traded down $0.09 during trading on Tuesday, reaching $21.80. The company’s stock had a trading volume of 1,689,987 shares, compared to its average volume of 2,378,586. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Matador Resources has a one year low of $13.97 and a one year high of $35.22. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.98 and a beta of 1.87.

Several institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group lifted its holdings in Matador Resources by 1,042.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock worth $29,000 after acquiring an additional 1,700 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Matador Resources by 64.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after buying an additional 1,000 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Matador Resources by 1,453.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after buying an additional 593,768 shares during the period. Gradient Investments LLC bought a new position in shares of Matador Resources during the 1st quarter valued at $102,000. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of Matador Resources by 89.4% during the 4th quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock valued at $124,000 after buying an additional 3,777 shares during the period. Institutional investors own 93.65% of the company’s stock.

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.

Featured Story: What is a short straddle?

Get a free copy of the Zacks research report on Matador Resources (MTDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.