Matador Resources (NYSE:MTDR) Posts Earnings Results, Misses Expectations By $0.05 EPS

Matador Resources (NYSE:MTDR - Get Free Report) released its quarterly earnings results on Tuesday. The energy company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05), Zacks reports. The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%.

Matador Resources Stock Performance

Shares of NYSE:MTDR traded down $3.38 during midday trading on Friday, reaching $53.10. The company's stock had a trading volume of 1,832,748 shares, compared to its average volume of 1,090,766. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $58.17 and a 200 day moving average of $55.79. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The firm has a market capitalization of $6.62 billion, a PE ratio of 7.44 and a beta of 3.22.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This is an increase from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources's dividend payout ratio is 14.01%.

Analyst Ratings Changes

MTDR has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Matador Resources from $77.00 to $71.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Morgan Stanley began coverage on Matador Resources in a research report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Truist Financial increased their price target on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, TD Cowen boosted their price target on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Matador Resources presently has an average rating of "Moderate Buy" and a consensus target price of $75.14.

Insider Activity at Matador Resources

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