Capital One Financial Analysts Lower Earnings Estimates for Matador Resources (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Stock analysts at Capital One Financial decreased their Q3 2024 EPS estimates for shares of Matador Resources in a report released on Tuesday, September 17th. Capital One Financial analyst P. Johnston now anticipates that the energy company will earn $1.57 per share for the quarter, down from their prior forecast of $1.94. Capital One Financial has a “Overweight” rating and a $84.00 price target on the stock. The consensus estimate for Matador Resources’ current full-year earnings is $7.83 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $1.70 EPS, FY2024 earnings at $7.03 EPS, Q1 2025 earnings at $1.58 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.75 EPS, FY2025 earnings at $6.66 EPS and FY2026 earnings at $7.55 EPS.

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

Several other analysts have also recently commented on MTDR. Wells Fargo & Company lifted their target price on shares of Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Stephens dropped their target price on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Truist Financial lowered their price target on Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Matador Resources in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.17.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $52.20 on Friday. The business has a 50 day moving average price of $56.60 and a 200 day moving average price of $60.83. The company has a market capitalization of $6.51 billion, a P/E ratio of 7.03 and a beta of 3.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. Matador Resources has a 1 year low of $48.22 and a 1 year high of $71.08.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a $0.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 1.53%. Matador Resources’s dividend payout ratio is presently 10.96%.

Insiders Place Their Bets

In other Matador Resources news, Director Robert Gaines Baty purchased 500 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $50.58 per share, for a total transaction of $25,290.00. Following the acquisition, the director now owns 67,617 shares of the company’s stock, valued at $3,420,067.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Matador Resources news, Director Robert Gaines Baty purchased 500 shares of the stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $50.58 per share, with a total value of $25,290.00. Following the completion of the transaction, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Christopher P. Calvert purchased 1,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $50.30 per share, for a total transaction of $50,300.00. Following the completion of the transaction, the chief operating officer now owns 32,700 shares in the company, valued at $1,644,810. The disclosure for this purchase can be found here. Insiders purchased a total of 12,300 shares of company stock worth $634,615 in the last quarter. 6.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Matador Resources

A number of large investors have recently bought and sold shares of MTDR. PNC Financial Services Group Inc. increased its stake in shares of Matador Resources by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company’s stock valued at $614,000 after buying an additional 294 shares during the period. Coldstream Capital Management Inc. increased its position in Matador Resources by 28.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,047 shares of the energy company’s stock worth $287,000 after purchasing an additional 1,122 shares during the period. Corient Private Wealth LLC raised its holdings in Matador Resources by 16.8% during the 4th quarter. Corient Private Wealth LLC now owns 18,166 shares of the energy company’s stock worth $1,033,000 after purchasing an additional 2,616 shares during the last quarter. Trexquant Investment LP bought a new stake in Matador Resources during the 4th quarter worth about $1,495,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Matador Resources by 4.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 27,554 shares of the energy company’s stock valued at $1,567,000 after purchasing an additional 1,096 shares during the period. 91.98% of the stock is currently owned by 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.