Matador Resources (NYSE:MTDR) Posts Earnings Results, Beats Expectations By $0.32 EPS

Matador Resources (NYSE:MTDR) released its earnings results on Tuesday. The energy company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.39 by $0.32, Briefing.com reports. Matador Resources had a return on equity of 21.63% and a net margin of 28.89%. The firm had revenue of $787.70 million during the quarter, compared to analyst estimates of $740.99 million. During the same period in the prior year, the firm posted $1.50 earnings per share. The business’s quarterly revenue was up 40.6% compared to the same quarter last year.

Matador Resources Price Performance

NYSE MTDR opened at $65.29 on Thursday. The firm has a market capitalization of $7.80 billion, a PE ratio of 8.94 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company’s 50 day simple moving average is $65.07 and its 200 day simple moving average is $60.12.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Matador Resources’s dividend payout ratio is currently 10.96%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. Raymond James lowered their price target on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. TD Cowen increased their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $66.00 price target on shares of Matador Resources in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.10.

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.