Matador Resources (MTDR) to Release Quarterly Earnings on Tuesday

Matador Resources (NYSE:MTDR) is set to announce its earnings results after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $1.78 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business had revenue of $847.14 million for the quarter, compared to the consensus estimate of $822.55 million. During the same period in the previous year, the firm earned $1.42 EPS. The company’s quarterly revenue was up 32.8% compared to the same quarter last year. 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 1.8 %

NYSE:MTDR opened at $51.54 on Friday. The company has a 50-day moving average price of $53.24 and a 200-day moving average price of $58.80. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 7.06 and a beta of 3.26. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.25 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio is presently 13.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on MTDR. TD Cowen upped their target price on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, July 24th. Mizuho reduced their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.54.

Insider Activity at Matador Resources

In other Matador Resources news, CFO Brian J. Willey purchased 1,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $75,750. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Brian J. Willey purchased 1,500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $75,750. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the transaction, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 12,300 shares of company stock valued at $634,615 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.

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.