Zacks: Analysts Expect Matador Resources (NYSE:MTDR) Will Post Earnings of $0.73 Per Share

Equities research analysts expect that Matador Resources (NYSE:MTDR) will post earnings of $0.73 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Matador Resources’ earnings. The highest EPS estimate is $0.78 and the lowest is $0.70. Matador Resources posted earnings of ($0.03) per share during the same quarter last year, which would indicate a positive year over year growth rate of 2,533.3%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, July 27th.

On average, analysts expect that Matador Resources will report full-year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.76 to $3.17. For the next year, analysts expect that the company will report earnings of $3.94 per share, with EPS estimates ranging from $3.24 to $4.82. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Matador Resources.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, April 28th. The energy company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.32. The company had revenue of $266.80 million for the quarter, compared to the consensus estimate of $257.13 million. Matador Resources had a positive return on equity of 7.71% and a negative net margin of 87.01%. The firm’s quarterly revenue was down 28.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS.

Several equities research analysts recently commented on the company. TheStreet raised Matador Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, March 31st. Wells Fargo & Company boosted their price target on Matador Resources from $26.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 19th. Raymond James boosted their price target on Matador Resources from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. Capital One Financial reissued an “overweight” rating on shares of Matador Resources in a research note on Wednesday, May 26th. Finally, MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and boosted their price target for the company from $34.00 to $40.00 in a research note on Friday, July 16th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $28.40.

Shares of MTDR opened at $31.87 on Thursday. The firm has a market cap of $3.72 billion, a P/E ratio of -5.61 and a beta of 4.82. Matador Resources has a fifty-two week low of $6.29 and a fifty-two week high of $38.04. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a 50-day simple moving average of $32.72.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 3rd. Shareholders of record on Thursday, May 13th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, May 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. Matador Resources’s payout ratio is currently 17.86%.

In related news, COO Billy E. Goodwin bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 11th. The stock was purchased at an average price of $27.75 per share, with a total value of $55,500.00. Following the completion of the transaction, the chief operating officer now directly owns 137,264 shares of the company’s stock, valued at $3,809,076. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MTDR. Marshall Wace LLP bought a new stake in shares of Matador Resources in the first quarter valued at approximately $74,000. Credit Suisse AG boosted its position in shares of Matador Resources by 2.8% in the fourth quarter. Credit Suisse AG now owns 318,596 shares of the energy company’s stock valued at $3,842,000 after acquiring an additional 8,772 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Matador Resources by 5.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 67,330 shares of the energy company’s stock valued at $812,000 after acquiring an additional 3,311 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Matador Resources by 29.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,730 shares of the energy company’s stock valued at $45,000 after acquiring an additional 859 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Matador Resources by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 932,182 shares of the energy company’s stock valued at $11,243,000 after acquiring an additional 51,758 shares during the period. 83.47% of the stock is owned by institutional investors.

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 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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