Analysts Anticipate Matador Resources Co (NYSE:MTDR) to Post $0.26 EPS

Brokerages expect that Matador Resources Co (NYSE:MTDR) will report earnings of $0.26 per share for the current quarter, according to Zacks. Eight analysts have provided estimates for Matador Resources’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.31. Matador Resources reported earnings per share of $0.37 during the same quarter last year, which would suggest a negative year over year growth rate of 29.7%. The firm is scheduled to announce its next earnings results on Tuesday, February 25th.

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According to Zacks, analysts expect that Matador Resources will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $1.11. For the next year, analysts expect that the business will post earnings of $1.25 per share, with EPS estimates ranging from $0.65 to $1.55. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Matador Resources.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. The company had revenue of $279.40 million for the quarter, compared to the consensus estimate of $227.69 million. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. Matador Resources’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share.

A number of equities analysts have weighed in on MTDR shares. ValuEngine raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Northland Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Matador Resources in a research note on Wednesday, October 30th. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $22.00 in a research note on Friday, October 4th. Stifel Nicolaus set a $22.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Stephens raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $22.00 to $24.00 in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.25.

In other Matador Resources news, COO Craig N. Adams bought 2,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $14.11 per share, with a total value of $28,220.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy E. Parker purchased 3,584 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $13.94 per share, for a total transaction of $49,960.96. Following the purchase, the director now directly owns 24,151 shares in the company, valued at $336,664.94. The disclosure for this purchase can be found here. In the last three months, insiders bought 13,584 shares of company stock worth $191,301. Insiders own 6.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its stake in Matador Resources by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,022 shares of the energy company’s stock worth $835,000 after buying an additional 592 shares during the period. First National Bank of Omaha increased its stake in Matador Resources by 0.9% during the 3rd quarter. First National Bank of Omaha now owns 76,112 shares of the energy company’s stock worth $1,258,000 after buying an additional 665 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Matador Resources by 1.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 50,675 shares of the energy company’s stock worth $1,007,000 after buying an additional 770 shares during the period. MML Investors Services LLC increased its stake in Matador Resources by 8.3% during the 2nd quarter. MML Investors Services LLC now owns 11,969 shares of the energy company’s stock worth $238,000 after buying an additional 922 shares during the period. Finally, Arizona State Retirement System increased its stake in Matador Resources by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 75,315 shares of the energy company’s stock worth $1,497,000 after buying an additional 935 shares during the period. 95.15% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MTDR traded up $0.20 during trading hours on Tuesday, reaching $15.25. 1,832,611 shares of the company were exchanged, compared to its average volume of 2,560,329. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.67 and a quick ratio of 0.63. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 2.10 and a beta of 1.99. Matador Resources has a 52-week low of $12.16 and a 52-week high of $26.94. The stock has a 50 day simple moving average of $14.87 and a 200 day simple moving average of $16.93.

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 in 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.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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