Capital One Financial Weighs in on Matador Resources’ Q1 2022 Earnings (NYSE:MTDR)

Matador Resources (NYSE:MTDRGet Rating) – Equities researchers at Capital One Financial reduced their Q1 2022 earnings estimates for shares of Matador Resources in a research report issued on Tuesday, April 19th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings per share of $1.97 for the quarter, down from their previous estimate of $2.16. Capital One Financial also issued estimates for Matador Resources’ Q2 2022 earnings at $2.39 EPS, Q3 2022 earnings at $2.18 EPS, Q4 2022 earnings at $2.29 EPS, FY2022 earnings at $8.83 EPS and FY2023 earnings at $7.46 EPS.

Matador Resources (NYSE:MTDRGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The energy company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.24. Matador Resources had a net margin of 35.18% and a return on equity of 27.66%. The firm 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 EPS.

A number of other research firms also recently commented on MTDR. Stifel Nicolaus raised their target price on Matador Resources from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. Wells Fargo & Company raised their target price on Matador Resources from $55.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Raymond James raised their target price on Matador Resources from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, March 4th. StockNews.com downgraded Matador Resources from a “buy” rating to a “hold” rating in a report on Saturday, April 9th. Finally, Royal Bank of Canada raised their target price on Matador Resources from $53.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, February 23rd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Matador Resources presently has a consensus rating of “Buy” and a consensus price target of $55.64.

NYSE:MTDR opened at $54.72 on Friday. The firm’s fifty day moving average price is $52.15 and its 200 day moving average price is $45.36. Matador Resources has a 1-year low of $22.39 and a 1-year high of $59.27. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.80 and a quick ratio of 0.77. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 11.14 and a beta of 4.04.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Matador Resources by 1.2% in the 4th quarter. BlackRock Inc. now owns 17,085,728 shares of the energy company’s stock valued at $630,805,000 after buying an additional 210,367 shares during the period. Goldman Sachs Group Inc. grew its holdings in Matador Resources by 24.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,420,451 shares of the energy company’s stock valued at $89,364,000 after buying an additional 482,042 shares during the period. Invesco Ltd. grew its holdings in Matador Resources by 61.2% in the 4th quarter. Invesco Ltd. now owns 2,387,811 shares of the energy company’s stock valued at $88,158,000 after buying an additional 906,304 shares during the period. William Blair Investment Management LLC grew its holdings in Matador Resources by 49,366.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,112,235 shares of the energy company’s stock valued at $80,349,000 after buying an additional 2,107,965 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Matador Resources by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,952,418 shares of the energy company’s stock valued at $72,083,000 after buying an additional 15,560 shares during the period. 87.40% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which was paid on Monday, March 14th. Investors of record on Friday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, March 3rd. Matador Resources’s payout ratio is 4.07%.

About Matador Resources (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.

Further Reading

Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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