Analysts Set Expectations for Matador Resources Co’s Q3 2018 Earnings (MTDR)
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.
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.
Recommended Story: Trading Strategy Examples and Plans
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.