Matador Resources (MTDR) Projected to Post Quarterly Earnings on Wednesday

Matador Resources (NYSE:MTDR) will likely be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Matador Resources to post earnings of $1.96 per share and revenue of $980.87 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, analysts expect Matador Resources to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Matador Resources Price Performance

Shares of MTDR stock opened at $41.44 on Monday. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 5.80 and a beta of 2.74. The stock’s 50-day simple moving average is $48.21 and its 200-day simple moving average is $53.82.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, May 9th. Matador Resources’s dividend payout ratio is presently 17.51%.

Wall Street Analyst Weigh In

MTDR has been the subject of several research reports. Truist Financial lifted their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Royal Bank of Canada dropped their price target on Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Raymond James decreased their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.29.

Insider Activity

In other Matador Resources news, Director Paul W. Harvey bought 600 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the transaction, the director now directly owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. The trade was a 2.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Glenn W. Stetson purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $53.06 per share, with a total value of $53,060.00. Following the purchase, the executive vice president now owns 91,680 shares in the company, valued at $4,864,540.80. This represents a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 21,350 shares of company stock valued at $1,100,769 in the last three months. 6.10% of the stock is currently owned by corporate insiders.

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.