Roth Capital Issues Pessimistic Outlook for MTDR Earnings

Matador Resources (NYSE:MTDR) – Equities researchers at Roth Capital decreased their Q4 2024 earnings per share estimates for shares of Matador Resources in a report released on Wednesday, October 23rd. Roth Capital analyst L. Mariani now expects that the energy company will earn $2.04 per share for the quarter, down from their previous forecast of $2.54. The consensus estimate for Matador Resources’ current full-year earnings is $7.42 per share. Roth Capital also issued estimates for Matador Resources’ Q1 2025 earnings at $2.00 EPS, Q2 2025 earnings at $1.80 EPS, Q3 2025 earnings at $2.02 EPS, Q4 2025 earnings at $2.35 EPS and FY2025 earnings at $8.17 EPS.

Several other research firms have also commented on MTDR. Wolfe Research initiated coverage on Matador Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. BMO Capital Markets boosted their price target on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Mizuho reduced their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research note on Thursday, October 24th. Finally, TD Cowen increased their target price on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.31.

Matador Resources Stock Down 0.4 %

MTDR stock opened at $50.50 on Monday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 6.69 and a beta of 3.26. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The firm has a 50-day simple moving average of $52.50 and a 200-day simple moving average of $57.78. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same period in the prior year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.98%. Matador Resources’s dividend payout ratio is 10.60%.

Insider Transactions at Matador Resources

In other Matador Resources news, CFO Brian J. Willey acquired 1,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $75,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Brian J. Willey bought 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $50.50 per share, with a total value of $75,750.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the transaction, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at approximately $1,596,850. The trade was 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 worth $634,615 in the last 90 days. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC grew its stake in shares of Matador Resources by 0.5% in the first quarter. Essex Investment Management Co. LLC now owns 37,532 shares of the energy company’s stock valued at $2,506,000 after buying an additional 169 shares in the last quarter. Securian Asset Management Inc. boosted its holdings in Matador Resources by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after acquiring an additional 170 shares during the period. Raymond James Trust N.A. boosted its holdings in Matador Resources by 3.6% during the 2nd quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after acquiring an additional 198 shares during the period. Covestor Ltd grew its position in Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after acquiring an additional 227 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Matador Resources by 16.6% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after purchasing an additional 243 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.