Analysts Expect Matador Resources Co (NYSE:MTDR) to Announce $0.24 EPS

Analysts expect Matador Resources Co (NYSE:MTDR) to post $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Matador Resources’ earnings, with estimates ranging from $0.11 to $0.41. Matador Resources posted earnings of $0.41 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.5%. The firm is expected to announce its next earnings results on Wednesday, August 7th.

On average, 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 forecast that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $0.76 to $4.42. Zacks Investment Research’s EPS averages 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 data on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The firm had revenue of $173.89 million during the quarter, compared to the consensus estimate of $198.76 million. During the same period last year, the business posted $0.36 EPS. Matador Resources’s quarterly revenue was down 9.0% on a year-over-year basis.

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

In related news, President Matthew V. Hairford bought 2,000 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $33,560.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth L. Stewart bought 5,000 shares of the stock in a transaction on Friday, May 24th. The shares were bought at an average price of $17.76 per share, for a total transaction of $88,800.00. Following the acquisition, the director now owns 37,532 shares in the company, valued at approximately $666,568.32. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 13,000 shares of company stock worth $222,160. 6.90% of the stock is owned by insiders.

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

NYSE MTDR traded up $0.04 during mid-day trading on Friday, hitting $17.66. The stock had a trading volume of 2,134,638 shares, compared to its average volume of 2,458,315. Matador Resources has a 52-week low of $13.97 and a 52-week high of $34.90. The firm has a market cap of $2.06 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.98. The stock has a 50 day moving average price of $18.11. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78.

About Matador Resources

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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