Q4 EPS Estimates for MTDR Raised by Capital One Financial

Matador Resources (NYSE:MTDR) – Stock analysts at Capital One Financial boosted their Q4 2024 earnings estimates for shares of Matador Resources in a report issued on Wednesday, October 23rd. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $1.70 for the quarter, up from their prior forecast of $1.69. Capital One Financial currently has a “Overweight” rating and a $84.00 price target on the stock. The consensus estimate for Matador Resources’ current full-year earnings is $7.42 per share.

A number of other research analysts have also recently issued reports on MTDR. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Stephens boosted their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, KeyCorp decreased their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.31.

Matador Resources Trading Down 2.2 %

Shares of MTDR opened at $50.69 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 6.71 and a beta of 3.26. The stock has a fifty day moving average price of $52.61 and a two-hundred day moving average price of $57.91. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08.

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

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. Matador Resources’s dividend payout ratio (DPR) is currently 10.60%.

Insider Buying and Selling at Matador Resources

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

Institutional Trading of Matador Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after purchasing an additional 103,713 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Matador Resources by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Matador Resources by 10.5% in the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after buying an additional 214,334 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Matador Resources by 7.3% in the first quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock valued at $78,575,000 after buying an additional 79,920 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Matador Resources by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock worth $73,768,000 after buying an additional 53,322 shares during the last quarter. Institutional investors and hedge funds own 91.98% 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.