Matador Resources (NYSE:MTDR) Releases Earnings Results, Misses Estimates By $0.05 EPS

Matador Resources (NYSE:MTDR) released its quarterly earnings results on Tuesday. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05), Zacks reports. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%.

Matador Resources Stock Performance

NYSE MTDR traded up $0.64 during trading on Tuesday, reaching $57.83. The company’s stock had a trading volume of 1,202,747 shares, compared to its average volume of 1,020,435. The business’s fifty day moving average price is $58.27 and its 200-day moving average price is $55.78. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 7.66 and a beta of 3.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Wall Street Analyst Weigh In

Several analysts have weighed in on MTDR shares. Wells Fargo & Company boosted their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. Morgan Stanley assumed coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target on the stock. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, Stephens lifted their target price on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Two equities 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, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

Insider Activity

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, with a total value of $45,280.00. Following the purchase, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,980 shares of company stock valued at $165,988. 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.