Analysts Expect Matador Resources Co (NYSE:MTDR) Will Announce Earnings of $0.27 Per Share

Brokerages expect Matador Resources Co (NYSE:MTDR) to report $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Matador Resources’ earnings, with estimates ranging from $0.22 to $0.32. Matador Resources reported earnings per share of $0.37 during the same quarter last year, which would suggest a negative year over year growth rate of 27%. The firm is scheduled to announce its next earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Matador Resources will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $0.97 to $1.13. For the next year, analysts expect that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $0.80 to $1.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Matador Resources.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. Matador Resources had a return on equity of 7.51% and a net margin of 20.35%. The firm had revenue of $279.40 million for the quarter, compared to analysts’ expectations of $227.69 million. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year.

Several equities analysts have recently weighed in on MTDR shares. Wells Fargo & Co reduced their price objective on Matador Resources from $29.00 to $28.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 12th. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $22.00 in a research report on Friday, October 4th. Stifel Nicolaus set a $22.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, September 30th. ValuEngine raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Williams Capital reiterated a “buy” rating and set a $26.00 price objective on shares of Matador Resources in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.27.

NYSE:MTDR traded down $0.16 on Thursday, hitting $14.31. 3,252,712 shares of the stock were exchanged, compared to its average volume of 2,543,777. The stock has a fifty day moving average of $14.22 and a 200-day moving average of $16.24. The stock has a market cap of $1.64 billion, a PE ratio of 8.83, a PEG 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. Matador Resources has a fifty-two week low of $12.16 and a fifty-two week high of $22.80.

In other news, CAO Robert T. Macalik purchased 1,900 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $13.95 per share, with a total value of $26,505.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joseph Wm Foran purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of $14.30 per share, for a total transaction of $143,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,250 shares of company stock worth $468,854. Company insiders own 6.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Matador Resources by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,308,531 shares of the energy company’s stock valued at $204,934,000 after buying an additional 451,000 shares during the last quarter. State Street Corp increased its position in shares of Matador Resources by 5.2% during the third quarter. State Street Corp now owns 5,832,042 shares of the energy company’s stock worth $96,404,000 after acquiring an additional 288,152 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Matador Resources by 2.4% during the second quarter. Silvercrest Asset Management Group LLC now owns 4,803,496 shares of the energy company’s stock worth $95,494,000 after acquiring an additional 114,100 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Matador Resources by 236.5% in the second quarter. Invesco Ltd. now owns 3,362,728 shares of the energy company’s stock worth $66,850,000 after acquiring an additional 2,363,259 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its stake in shares of Matador Resources by 35.8% in the third quarter. GW&K Investment Management LLC now owns 3,342,106 shares of the energy company’s stock worth $55,245,000 after acquiring an additional 880,885 shares in the last quarter. Hedge funds and other 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.

See Also: When can a hold rating present a buying opportunity?

Get a free copy of the Zacks research report on Matador Resources (MTDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.