Matador Resources Company (MTDR) To Go Ex-Dividend on November 10th

Matador Resources Company (NYSE:MTDR) announced a quarterly dividend on Wednesday, October 15th. Stockholders of record on Monday, November 10th will be given a dividend of 0.375 per share by the energy company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, November 10th. This is a 20.0% increase from Matador Resources’s previous quarterly dividend of $0.31.

Matador Resources has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Matador Resources to earn $8.62 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 17.4%.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $39.43 on Friday. Matador Resources has a 1 year low of $35.19 and a 1 year high of $64.04. The stock has a market capitalization of $4.90 billion, a P/E ratio of 6.30 and a beta of 1.35. The company’s 50-day moving average is $44.37 and its 200 day moving average is $46.13. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.14. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The business had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same period in the previous year, the firm posted $1.89 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

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 through 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.