Matador Resources Co (NYSE:MTDR) – Research analysts at Capital One Financial lifted their Q3 2018 earnings estimates for Matador Resources in a note issued to investors on Tuesday, September 25th. Capital One Financial analyst R. Tullis now expects that the energy company will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.34. Capital One Financial also issued estimates for Matador Resources’ Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.45 EPS.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The company had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $185.07 million. During the same period last year, the company posted $0.36 earnings per share. Matador Resources’s quarterly revenue was up 63.1% on a year-over-year basis.

MTDR has been the subject of a number of other reports. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday. BMO Capital Markets set a $34.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Sunday, August 12th. Evercore ISI initiated coverage on shares of Matador Resources in a research note on Tuesday. They set an “in-line” rating and a $38.00 price target for the company. SunTrust Banks cut shares of Matador Resources from a “buy” rating to a “hold” rating and dropped their price target for the stock from $42.00 to $35.00 in a research note on Monday. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $37.33.

Shares of NYSE:MTDR opened at $32.06 on Thursday. Matador Resources has a 52 week low of $24.04 and a 52 week high of $35.22. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.22 and a quick ratio of 1.17.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC bought a new stake in Matador Resources during the 1st quarter valued at about $127,000. Cerebellum GP LLC bought a new stake in Matador Resources during the 2nd quarter valued at about $177,000. Fortaleza Asset Management Inc. lifted its holdings in Matador Resources by 41.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock valued at $179,000 after buying an additional 1,740 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Matador Resources during the 1st quarter valued at about $205,000. Finally, Capital Fund Management S.A. bought a new stake in Matador Resources during the 2nd quarter valued at about $207,000. Institutional investors own 89.13% of the company’s stock.

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 in 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.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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