Brokerages expect Matador Resources Co (NYSE:MTDR) to report $255.01 million in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Matador Resources’ earnings. The highest sales estimate is $268.00 million and the lowest is $240.91 million. Matador Resources posted sales of $289.87 million in the same quarter last year, which suggests a negative year over year growth rate of 12%. The firm is expected to announce its next earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that Matador Resources will report full year sales of $957.75 million for the current year, with estimates ranging from $939.93 million to $972.40 million. For the next financial year, analysts anticipate that the firm will report sales of $1.12 billion, with estimates ranging from $1.03 billion to $1.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Matador Resources.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The business had revenue of $279.40 million during the quarter, compared to the consensus estimate of $227.69 million. Matador Resources had a return on equity of 7.51% and a net margin of 20.35%. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS.
NYSE MTDR traded down $0.18 during trading hours on Friday, hitting $13.90. 601,056 shares of the company’s stock traded hands, compared to its average volume of 2,243,079. Matador Resources has a 52 week low of $12.16 and a 52 week high of $24.66. The firm has a market capitalization of $1.64 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.82 and a beta of 2.05. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $16.31.
In other news, CEO Joseph Wm Foran acquired 10,000 shares of Matador Resources stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of $14.08 per share, with a total value of $140,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 31,350 shares of company stock valued at $442,349. Company insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its holdings in Matador Resources by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,022 shares of the energy company’s stock worth $835,000 after purchasing an additional 592 shares in the last quarter. First National Bank of Omaha raised its position in shares of Matador Resources by 0.9% during the third quarter. First National Bank of Omaha now owns 76,112 shares of the energy company’s stock valued at $1,258,000 after buying an additional 665 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Matador Resources by 1.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 50,675 shares of the energy company’s stock valued at $1,007,000 after buying an additional 770 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Matador Resources by 8.3% in the second quarter. MML Investors Services LLC now owns 11,969 shares of the energy company’s stock worth $238,000 after buying an additional 922 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Matador Resources by 1.3% during the second quarter. Arizona State Retirement System now owns 75,315 shares of the energy company’s stock worth $1,497,000 after acquiring an additional 935 shares during the last quarter. Institutional investors own 95.15% of the company’s stock.
Matador Resources Company Profile
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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