MTDR FY2024 EPS Estimate Boosted by Capital One Financial

Matador Resources (NYSE:MTDR - Free Report) - Investment analysts at Capital One Financial increased their FY2024 EPS estimates for shares of Matador Resources in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $7.38 for the year, up from their previous estimate of $7.35. The consensus estimate for Matador Resources' current full-year earnings is $7.49 per share. Capital One Financial also issued estimates for Matador Resources' Q4 2024 earnings at $1.73 EPS.

A number of other equities research analysts have also issued reports on MTDR. Benchmark reissued a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. Morgan Stanley assumed coverage on Matador Resources in a research note on Friday. They issued an "equal weight" rating and a $78.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 price target on shares of Matador Resources in a research report on Friday, December 6th. TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their target price on Matador Resources from $77.00 to $71.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.79.

Matador Resources Trading Up 2.2 %

Shares of NYSE MTDR traded up $1.32 during mid-day trading on Friday, hitting $61.40. The stock had a trading volume of 1,512,103 shares, compared to its average volume of 1,190,434. The business has a 50 day moving average price of $56.96 and a two-hundred day moving average price of $56.02. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market cap of $7.66 billion, a P/E ratio of 8.13 and a beta of 3.24.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million for the quarter, compared to analysts' expectations of $836.69 million. During the same period last year, the firm earned $1.86 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This is a boost from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources's dividend payout ratio (DPR) is 13.25%.

Insider Buying and Selling

In other news, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average price of $51.33 per share, with a total value of $51,330.00. Following the completion of the transaction, the executive vice president now directly owns 85,935 shares of the company's stock, valued at approximately $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now owns 42,251 shares in the company, valued at $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 4,285 shares of company stock valued at $232,849 over the last quarter. Corporate insiders own 6.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MTDR. Ashton Thomas Private Wealth LLC bought a new position in Matador Resources in the second quarter valued at about $169,000. Prudential PLC bought a new position in shares of Matador Resources in the 2nd quarter worth approximately $1,726,000. Texas Permanent School Fund Corp boosted its holdings in shares of Matador Resources by 13.6% in the second quarter. Texas Permanent School Fund Corp now owns 110,138 shares of the energy company's stock worth $6,564,000 after buying an additional 13,171 shares during the last quarter. Headlands Technologies LLC grew its position in Matador Resources by 1,136.5% during the second quarter. Headlands Technologies LLC now owns 6,479 shares of the energy company's stock valued at $386,000 after buying an additional 5,955 shares during the period. Finally, American Century Companies Inc. grew its position in Matador Resources by 2.9% during the second quarter. American Century Companies Inc. now owns 561,671 shares of the energy company's stock valued at $33,476,000 after buying an additional 15,835 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

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 through 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.