Matador Resources Co to Post Q2 2019 Earnings of $0.28 Per Share, Capital One Financial Forecasts (NYSE:MTDR)

Matador Resources Co (NYSE:MTDR) – Capital One Financial boosted their Q2 2019 earnings estimates for shares of Matador Resources in a research note issued to investors on Tuesday, June 25th, according to Zacks Investment Research. Capital One Financial analyst R. Tullis now forecasts that the energy company will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.27. Capital One Financial also issued estimates for Matador Resources’ Q4 2019 earnings at $0.35 EPS and FY2020 earnings at $1.63 EPS.

A number of other equities research analysts have also commented on MTDR. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. Imperial Capital reiterated an “outperform” rating and set a $33.00 price target (up from $31.00) on shares of Matador Resources in a report on Monday, April 1st. MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. lifted their price target on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a “neutral” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.73.

NYSE MTDR traded up $0.04 during trading on Thursday, reaching $17.66. 2,098,228 shares of the company’s stock were exchanged, compared to its average volume of 2,358,946. Matador Resources has a fifty-two week low of $13.97 and a fifty-two week high of $34.90. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.84 and a beta of 1.98. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $18.10.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The firm had revenue of $173.89 million during the quarter, compared to analyst estimates of $198.76 million. During the same period last year, the company posted $0.36 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group increased its position in Matador Resources by 1,042.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock worth $29,000 after buying an additional 1,700 shares during the period. Private Capital Group LLC increased its position in shares of Matador Resources by 91.5% during the first quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after purchasing an additional 1,071 shares during the period. Marshall Wace LLP bought a new stake in shares of Matador Resources during the first quarter valued at approximately $74,000. Zions Bancorporation N.A. bought a new stake in shares of Matador Resources during the first quarter valued at approximately $91,000. Finally, Gradient Investments LLC bought a new stake in shares of Matador Resources during the first quarter valued at approximately $102,000. 94.98% of the stock is currently owned by institutional investors.

In other Matador Resources news, President Matthew V. Hairford purchased 2,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $16.78 per share, with a total value of $33,560.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley M. Robinson purchased 5,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of $16.76 per share, for a total transaction of $83,800.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 13,000 shares of company stock valued at $222,160. Corporate insiders own 6.90% of the company’s stock.

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.

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