Matador Resources Company (MTDR) Releases Quarterly Earnings Results
Matador Resources Company (NYSE:MTDR) posted its quarterly earnings results on Monday. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08, Bloomberg Earnings reports. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%.
Matador Resources (NYSE:MTDR) traded up $1.19 during trading on Monday, hitting $28.19. 1,904,918 shares of the stock traded hands, compared to its average volume of 1,259,986. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.15 and a current ratio of 1.16. Matador Resources has a fifty-two week low of $20.13 and a fifty-two week high of $28.51. The stock has a market cap of $2,927.87, a PE ratio of 64.29, a P/E/G ratio of 1.71 and a beta of 1.15.
In related news, Director David M. Posner purchased 4,115 shares of the stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the acquisition, the director now directly owns 6,274 shares in the company, valued at approximately $151,203.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.
Several research analysts have issued reports on MTDR shares. Bank of America Corporation started coverage on Matador Resources in a report on Wednesday, July 19th. They issued a “neutral” rating and a $26.00 price target on the stock. BMO Capital Markets set a $29.00 price target on Matador Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. Royal Bank Of Canada set a $29.00 price target on Matador Resources and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Matador Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Imperial Capital started coverage on Matador Resources in a report on Tuesday, July 18th. They issued an “outperform” rating and a $32.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $28.67.
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Matador Resources Company Profile
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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