Matador Resources (MTDR) Projected to Post Earnings on Tuesday

Matador Resources (NYSE:MTDR - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.88 per share and revenue of $967.10 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Matador Resources Trading Up 0.2 %

Shares of MTDR traded up $0.09 during mid-day trading on Friday, reaching $57.21. 1,055,900 shares of the company's stock traded hands, compared to its average volume of 1,014,360. The stock has a market cap of $7.14 billion, a P/E ratio of 7.58 and a beta of 3.22. The stock's 50-day moving average is $58.22 and its two-hundred day moving average is $55.84. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Insiders Place Their Bets

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the transaction, the chief executive officer now directly owns 42,251 shares of the company's stock, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener purchased 800 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,980 shares of company stock valued at $165,988. Company insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of analyst reports. TD Cowen upped their target price on Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on Matador Resources from $77.00 to $71.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price for the company in a report on Friday, January 3rd. Truist Financial increased their price objective on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Morgan Stanley assumed coverage on Matador Resources in a research report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $75.14.

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.