Q4 EPS Estimate for Matador Resources Boosted by Analyst

Matador Resources (NYSE:MTDR - Free Report) - Stock analysts at Capital One Financial raised their Q4 2024 earnings per share (EPS) estimates for Matador Resources in a research note issued on Wednesday, October 23rd. Capital One Financial analyst P. Johnston now expects that the energy company will earn $1.70 per share for the quarter, up from their prior forecast of $1.69. Capital One Financial has a "Overweight" rating and a $84.00 price objective on the stock. The consensus estimate for Matador Resources' current full-year earnings is $7.42 per share.

A number of other equities research analysts also recently weighed in on MTDR. BMO Capital Markets boosted their price target on shares of Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Stephens boosted their target price on Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. KeyCorp dropped their price objective on Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Benchmark reaffirmed a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price objective on Matador Resources from $89.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $75.31.

Matador Resources Trading Down 2.2 %

Shares of MTDR stock traded down $1.14 on Monday, reaching $50.69. 2,128,735 shares of the stock were exchanged, compared to its average volume of 1,752,676. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The stock has a market cap of $6.33 billion, a PE ratio of 6.71 and a beta of 3.26. The stock has a 50 day moving average price of $52.61 and a 200 day moving average price of $57.91.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $770.20 million during the quarter, compared to analysts' expectations of $836.69 million. During the same period in the previous year, the business posted $1.86 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. This is a boost from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's dividend payout ratio (DPR) is currently 10.60%.

Insider Activity

In other news, CAO Robert T. Macalik bought 500 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now owns 29,300 shares of the company's stock, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $54.50 per share, with a total value of $27,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Wm Foran acquired 2,500 shares of the company's stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $49.97 per share, for a total transaction of $124,925.00. Following the completion of the transaction, the chief executive officer now directly owns 40,251 shares of the company's stock, valued at approximately $2,011,342.47. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 12,300 shares of company stock valued at $634,615 in the last quarter. Company insiders own 6.10% of the company's stock.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Matador Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock valued at $742,797,000 after acquiring an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock worth $282,196,000 after purchasing an additional 356,506 shares during the period. Clearbridge Investments LLC raised its position in shares of Matador Resources by 10.5% in the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company's stock valued at $134,102,000 after buying an additional 214,334 shares in the last quarter. Wasatch Advisors LP raised its holdings in Matador Resources by 7.3% in the 1st quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company's stock valued at $78,575,000 after acquiring an additional 79,920 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Matador Resources by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock valued at $73,768,000 after acquiring an additional 53,322 shares during the period. Institutional investors and hedge funds own 91.98% 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.