Zacks Research Comments on Matador Resources’ Q4 2024 Earnings (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Analysts at Zacks Research decreased their Q4 2024 EPS estimates for Matador Resources in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst N. Banerjee now anticipates that the energy company will earn $1.90 per share for the quarter, down from their previous forecast of $1.92. The consensus estimate for Matador Resources’ current full-year earnings is $6.87 per share. Zacks Research also issued estimates for Matador Resources’ Q1 2026 earnings at $1.58 EPS.

A number of other brokerages have also recently weighed in on MTDR. JPMorgan Chase & Co. increased their target price on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TD Cowen increased their target price on shares of Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Benchmark dropped their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Wells Fargo & Company increased their price objective on shares of Matador Resources from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Finally, Raymond James dropped their price objective on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Matador Resources Stock Down 2.0 %

NYSE MTDR traded down $1.31 during trading hours on Wednesday, reaching $65.65. 1,578,653 shares of the company traded hands, compared to its average volume of 1,379,497. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $7.85 billion, a PE ratio of 9.50 and a beta of 3.32. The company has a 50 day moving average of $64.11 and a two-hundred day moving average of $59.78.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to analysts’ expectations of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. Matador Resources’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.08 earnings per share.

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its position in Matador Resources by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,398 shares of the energy company’s stock worth $763,000 after acquiring an additional 738 shares during the last quarter. US Bancorp DE boosted its position in Matador Resources by 2.1% during the 1st quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock worth $635,000 after acquiring an additional 246 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Matador Resources by 28.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the energy company’s stock worth $804,000 after acquiring an additional 3,373 shares during the last quarter. MetLife Investment Management LLC boosted its position in Matador Resources by 53.9% during the 1st quarter. MetLife Investment Management LLC now owns 59,058 shares of the energy company’s stock worth $3,129,000 after acquiring an additional 20,684 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Matador Resources during the 1st quarter worth approximately $214,000. 91.98% of the stock is owned by institutional investors.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

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.