Brokerages expect Matador Resources (NYSE:MTDR – Get Rating) to post $1.92 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Matador Resources’ earnings. The lowest EPS estimate is $1.51 and the highest is $2.24. Matador Resources reported earnings of $0.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 170.4%. The business is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Matador Resources will report full-year earnings of $8.08 per share for the current fiscal year, with EPS estimates ranging from $6.14 to $10.20. For the next fiscal year, analysts expect that the company will report earnings of $7.66 per share, with EPS estimates ranging from $6.31 to $9.10. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Matador Resources.
Matador Resources (NYSE:MTDR – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The energy company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.24. Matador Resources had a return on equity of 27.66% and a net margin of 35.18%. The business had revenue of $566.36 million for the quarter, compared to analyst estimates of $392.11 million. During the same period last year, the firm posted $0.27 earnings per share.
Shares of MTDR traded down $0.92 during mid-day trading on Monday, reaching $54.64. The company had a trading volume of 1,588,344 shares, compared to its average volume of 2,245,069. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 11.32 and a beta of 4.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.77 and a current ratio of 0.80. The company’s 50 day simple moving average is $49.93 and its 200 day simple moving average is $44.25. Matador Resources has a 1-year low of $21.80 and a 1-year high of $57.69.
The company also recently declared a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Friday, March 4th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. Matador Resources’s payout ratio is currently 4.07%.
Several institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in shares of Matador Resources in the first quarter worth $210,000. THRC Management LLC bought a new position in shares of Matador Resources in the fourth quarter worth $58,085,000. Evergreen Capital Management LLC increased its stake in Matador Resources by 13.1% in the fourth quarter. Evergreen Capital Management LLC now owns 7,913 shares of the energy company’s stock valued at $292,000 after acquiring an additional 915 shares during the last quarter. Walleye Capital LLC increased its stake in Matador Resources by 41.7% in the fourth quarter. Walleye Capital LLC now owns 21,392 shares of the energy company’s stock valued at $790,000 after acquiring an additional 6,291 shares during the last quarter. Finally, Barclays PLC increased its stake in Matador Resources by 64.9% in the fourth quarter. Barclays PLC now owns 145,620 shares of the energy company’s stock valued at $5,377,000 after acquiring an additional 57,322 shares during the last quarter. 87.40% of the stock is currently owned by hedge funds and other institutional investors.
Matador Resources Company Profile (Get Rating)
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.
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