Wall Street analysts expect Matador Resources Co (NYSE:MTDR) to post sales of $217.41 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Matador Resources’ earnings, with estimates ranging from $199.00 million to $239.56 million. Matador Resources reported sales of $211.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is scheduled to issue its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Matador Resources will report full year sales of $916.71 million for the current financial year, with estimates ranging from $851.50 million to $1.03 billion. For the next fiscal year, analysts expect that the business will post sales of $1.19 billion, with estimates ranging from $1.05 billion to $1.53 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Matador Resources.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $173.89 million for the quarter, compared to analyst estimates of $198.76 million. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. Matador Resources’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS.

Several brokerages have recently weighed in on MTDR. Wells Fargo & Co set a $33.00 target price on Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 28th. Imperial Capital reissued an “outperform” rating and set a $33.00 target price (up previously from $31.00) on shares of Matador Resources in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their price target on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.73.

In other news, President Matthew V. Hairford purchased 2,000 shares of the stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $16.78 per share, with a total value of $33,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley M. Robinson purchased 5,000 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average cost of $16.76 per share, with a total value of $83,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 13,000 shares of company stock valued at $222,160. Company insiders own 6.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Private Capital Group LLC lifted its stake in shares of Matador Resources by 91.5% in the first quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock worth $43,000 after acquiring an additional 1,071 shares in the last quarter. Marshall Wace LLP acquired a new stake in Matador Resources during the first quarter valued at approximately $74,000. Zions Bancorporation N.A. acquired a new stake in Matador Resources during the first quarter valued at approximately $91,000. Gradient Investments LLC acquired a new stake in Matador Resources during the first quarter valued at approximately $102,000. Finally, Lake Point Wealth Management acquired a new stake in Matador Resources during the fourth quarter valued at approximately $153,000. 94.98% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE MTDR traded up $0.03 during midday trading on Tuesday, hitting $17.65. 283,092 shares of the company’s stock were exchanged, compared to its average volume of 2,489,318. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.70. Matador Resources has a twelve month low of $13.97 and a twelve month high of $34.90. The company has a market cap of $2.04 billion, a P/E ratio of 10.92, a PEG ratio of 0.84 and a beta of 1.98. The firm has a fifty day simple moving average of $18.10.

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 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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