Matador Resources Co (NYSE:MTDR) – Research analysts at Oppenheimer upped their Q2 2020 earnings per share (EPS) estimates for Matador Resources in a research report issued on Monday, January 21st. Oppenheimer analyst T. Rezvan now forecasts that the energy company will post earnings per share of $0.65 for the quarter, up from their previous forecast of $0.64. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for Matador Resources’ Q3 2020 earnings at $0.67 EPS, Q4 2020 earnings at $0.72 EPS and FY2020 earnings at $2.68 EPS.

Several other equities research analysts have also commented on MTDR. Zacks Investment Research lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Wells Fargo & Co cut their target price on Matador Resources from $43.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Stifel Nicolaus set a $38.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Thursday, November 1st. ValuEngine lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, TheStreet lowered Matador Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.65.

NYSE MTDR opened at $18.72 on Thursday. Matador Resources has a 12 month low of $13.97 and a 12 month high of $35.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.63 and a current ratio of 0.69. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 0.59 and a beta of 1.79.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The firm had revenue of $207.18 million for the quarter, compared to analyst estimates of $208.75 million. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s revenue was up 64.1% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in shares of Matador Resources by 64.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of Matador Resources in the third quarter valued at approximately $116,000. Northstar Investment Advisors LLC bought a new position in shares of Matador Resources in the third quarter valued at approximately $205,000. Wesbanco Bank Inc. bought a new position in shares of Matador Resources in the third quarter valued at approximately $208,000. Finally, BB&T Corp bought a new position in shares of Matador Resources in the third quarter valued at approximately $232,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Reynald Baribault purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $17.47 per share, with a total value of $26,205.00. Following the purchase, the director now owns 26,659 shares in the company, valued at $465,732.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Van H. Singleton II purchased 2,005 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of $22.26 per share, for a total transaction of $44,631.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 33,005 shares of company stock worth $758,302. 11.10% of the stock is owned by company insiders.

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.

Further Reading: What is a good rate of return for a mutual fund?

Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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.