Matador Resources (MTDR) Expected to Announce Quarterly Earnings on Wednesday

Matador Resources (NYSE:MTDR - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.96 per share and revenue of $980.87 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to analysts' expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, analysts expect Matador Resources to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Matador Resources Trading Up 3.3 %

Matador Resources stock traded up $1.31 during trading hours on Friday, hitting $41.44. The company had a trading volume of 2,576,932 shares, compared to its average volume of 1,555,146. The company has a 50-day moving average price of $48.21 and a two-hundred day moving average price of $53.80. The firm has a market cap of $5.19 billion, a P/E ratio of 5.80 and a beta of 2.74. Matador Resources has a 1 year low of $35.19 and a 1 year high of $67.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

Analyst Ratings Changes

MTDR has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Benchmark reissued a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Wells Fargo & Company lowered their price target on Matador Resources from $87.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday. Morgan Stanley reduced their price target on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Wolfe Research raised shares of 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. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.29.

Insider Buying and Selling at Matador Resources

In related news, Director Timothy E. Parker bought 2,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the acquisition, the director now directly owns 83,790 shares in the company, valued at $3,742,899.30. This represents a 2.45 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul W. Harvey purchased 600 shares of the company's stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now owns 27,917 shares in the company, valued at approximately $1,541,018.40. This trade represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 21,350 shares of company stock valued at $1,100,769. Company insiders own 6.10% of the company's stock.

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.