What is Zacks Research's Estimate for MTDR FY2024 Earnings?

Matador Resources (NYSE:MTDR - Free Report) - Stock analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of Matador Resources in a research report issued on Monday, January 13th. Zacks Research analyst R. Department now expects that the energy company will earn $7.29 per share for the year, down from their prior forecast of $7.31. The consensus estimate for Matador Resources' current full-year earnings is $7.49 per share. Zacks Research also issued estimates for Matador Resources' Q4 2024 earnings at $1.64 EPS, Q3 2025 earnings at $1.67 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.94 EPS and FY2026 earnings at $7.11 EPS.

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

MTDR has been the subject of a number of other reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 price target on shares of Matador Resources in a report on Wednesday. Truist Financial increased their target price on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday. KeyCorp reduced their price target on Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Stephens lifted their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased 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. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $75.14.

Matador Resources Trading Up 1.1 %

Shares of Matador Resources stock traded up $0.72 during trading hours on Wednesday, hitting $63.45. The company's stock had a trading volume of 1,478,095 shares, compared to its average volume of 1,192,088. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The business has a fifty day moving average of $57.53 and a 200 day moving average of $56.03. The company has a market capitalization of $7.92 billion, a PE ratio of 8.40 and a beta of 3.24. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Insider Activity at Matador Resources

In other news, EVP William Thomas Elsener acquired 800 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the firm's stock in a transaction 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 transaction, 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 position. The disclosure for this purchase can be found here. Insiders acquired a total of 4,285 shares of company stock valued at $232,849 in the last quarter. Insiders own 6.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. ClearAlpha Technologies LP grew its position in Matador Resources by 4.3% in the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company's stock valued at $259,000 after buying an additional 218 shares in the last quarter. Quarry LP boosted its holdings in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after acquiring an additional 251 shares in the last quarter. Greenleaf Trust increased its stake in shares of Matador Resources by 3.8% during the third quarter. Greenleaf Trust now owns 7,086 shares of the energy company's stock valued at $350,000 after acquiring an additional 260 shares during the period. Evergreen Capital Management LLC raised its holdings in Matador Resources by 4.4% during the second quarter. Evergreen Capital Management LLC now owns 6,814 shares of the energy company's stock worth $406,000 after purchasing an additional 289 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,751 shares of the energy company's stock valued at $108,000 after purchasing an additional 300 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

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.