Zacks Research Equities Analysts Decrease Earnings Estimates for Matador Resources (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Equities research analysts at Zacks Research cut their Q4 2024 earnings estimates for shares of Matador Resources in a note issued to investors on Tuesday, April 16th. Zacks Research analyst N. Banerjee now expects 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 $7.04 per share. Zacks Research also issued estimates for Matador Resources’ Q1 2026 earnings at $1.58 EPS.

Matador Resources (NYSE:MTDR) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 earnings per share.

A number of other research analysts also recently issued reports on MTDR. Wells Fargo & Company upped their price objective on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Tuesday, March 5th. Raymond James decreased their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, KeyCorp reduced their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $64.73 on Wednesday. The company has a market capitalization of $7.74 billion, a PE ratio of 9.18 and a beta of 3.32. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $64.52 and its 200-day moving average price is $59.86. Matador Resources has a twelve month low of $42.04 and a twelve month high of $71.08.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, February 22nd. Matador Resources’s payout ratio is 11.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MTDR. Invesco Ltd. grew its position in Matador Resources by 82.9% in the first quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock worth $231,403,000 after acquiring an additional 1,979,904 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Matador Resources by 51.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,013,942 shares of the energy company’s stock valued at $93,830,000 after purchasing an additional 685,220 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Matador Resources by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock valued at $658,165,000 after buying an additional 567,557 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Matador Resources in the 3rd quarter worth approximately $33,720,000. Finally, Federated Hermes Inc. boosted its stake in Matador Resources by 77.1% in the first quarter. Federated Hermes Inc. now owns 1,256,513 shares of the energy company’s stock worth $66,570,000 after buying an additional 546,871 shares in the last quarter. Hedge funds and other institutional investors own 91.98% 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 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.