Matador Resources (MTDR) to Release Earnings on Tuesday

Matador Resources (NYSE:MTDR) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Matador Resources to post earnings of $1.39 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The company had revenue of $836.13 million during the quarter, compared to analysts’ expectations of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.08 earnings per share. On average, analysts expect Matador Resources to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Matador Resources Trading Down 1.4 %

NYSE MTDR opened at $67.60 on Tuesday. The firm has a market capitalization of $8.08 billion, a P/E ratio of 9.59 and a beta of 3.32. The business has a fifty day simple moving average of $63.85 and a 200 day simple moving average of $59.73. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s payout ratio is currently 11.35%.

Wall Street Analyst Weigh In

MTDR has been the subject of several research analyst reports. Raymond James decreased their target price 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. TD Cowen raised their target price on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Mizuho raised their target price on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Hedge Funds Weigh In On Matador Resources

Large investors have recently modified their holdings of the company. Money Concepts Capital Corp raised its holdings in shares of Matador Resources by 202.6% during the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after buying an additional 462 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Matador Resources by 46.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after purchasing an additional 242 shares during the period. State of Wyoming increased its stake in Matador Resources by 35.1% in the 2nd quarter. State of Wyoming now owns 1,436 shares of the energy company’s stock worth $75,000 after purchasing an additional 373 shares during the period. International Assets Investment Management LLC increased its stake in Matador Resources by 5,584.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,478 shares of the energy company’s stock worth $84,000 after purchasing an additional 1,452 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Matador Resources in the 3rd quarter worth approximately $89,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.