Matador Resources Company (MTDR) Expected to Post Earnings of $0.17 Per Share
Equities analysts expect Matador Resources Company (NYSE:MTDR) to report earnings per share of $0.17 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Matador Resources’ earnings, with estimates ranging from $0.08 to $0.32. Matador Resources posted earnings per share of $0.08 during the same quarter last year, which would indicate a positive year-over-year growth rate of 112.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Matador Resources will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.79. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.74 per share, with EPS estimates ranging from $0.15 to $1.47. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Matador Resources.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company’s quarterly revenue was up 42.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share.
A number of brokerages have commented on MTDR. SunTrust Banks, Inc. restated a “buy” rating and issued a $32.00 price target on shares of Matador Resources in a research report on Friday, November 10th. Royal Bank Of Canada upped their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Northland Securities set a $35.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Monday, November 13th. Imperial Capital upped their price target on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.51.
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Matador Resources (MTDR) traded down $0.03 during trading on Friday, reaching $27.03. The company had a trading volume of 1,017,100 shares, compared to its average volume of 1,568,726. The stock has a market capitalization of $2,950.00, a PE ratio of 50.11, a PEG ratio of 1.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. Matador Resources has a 12 month low of $20.13 and a 12 month high of $29.48.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in Matador Resources by 164.4% during the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after purchasing an additional 2,727 shares during the period. Fortaleza Asset Management Inc. purchased a new position in Matador Resources during the 3rd quarter worth $167,000. Dubuque Bank & Trust Co. increased its holdings in Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after purchasing an additional 275 shares during the period. LS Investment Advisors LLC purchased a new position in Matador Resources during the 2nd quarter worth $155,000. Finally, Teacher Retirement System of Texas purchased a new position in Matador Resources during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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