$788.11 Million in Sales Expected for Matador Resources (NYSE:MTDR) This Quarter

Equities research analysts expect Matador Resources (NYSE:MTDRGet Rating) to post sales of $788.11 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Matador Resources’ earnings, with the lowest sales estimate coming in at $728.00 million and the highest estimate coming in at $848.70 million. Matador Resources posted sales of $357.43 million during the same quarter last year, which would indicate a positive year over year growth rate of 120.5%. The business is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Matador Resources will report full year sales of $2.88 billion for the current year, with estimates ranging from $2.69 billion to $3.09 billion. For the next year, analysts expect that the business will post sales of $2.82 billion, with estimates ranging from $2.66 billion to $3.01 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Matador Resources.

Matador Resources (NYSE:MTDRGet Rating) last released its earnings results on Tuesday, April 26th. The energy company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.40. Matador Resources had a return on equity of 34.63% and a net margin of 37.28%. During the same period in the previous year, the firm posted $0.71 earnings per share.

A number of research analysts have recently commented on MTDR shares. StockNews.com upgraded Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Raymond James lifted their price objective on Matador Resources from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Wells Fargo & Company lifted their price objective on Matador Resources from $55.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, March 14th. MKM Partners lifted their price objective on Matador Resources from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 24th. Finally, Stifel Nicolaus lifted their price objective on Matador Resources from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $58.40.

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Ocean LLC bought a new stake in shares of Matador Resources in the first quarter worth $27,000. Exchange Traded Concepts LLC bought a new stake in shares of Matador Resources in the first quarter worth $31,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Matador Resources in the fourth quarter worth $28,000. Benjamin Edwards Inc. grew its holdings in shares of Matador Resources by 696.8% in the fourth quarter. Benjamin Edwards Inc. now owns 757 shares of the energy company’s stock worth $28,000 after acquiring an additional 662 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of Matador Resources in the first quarter worth $67,000. 87.77% of the stock is owned by institutional investors.

MTDR opened at $50.64 on Wednesday. The stock has a market cap of $5.98 billion, a PE ratio of 8.06 and a beta of 3.83. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $52.93 and a 200-day moving average of $46.25. Matador Resources has a 52 week low of $24.76 and a 52 week high of $59.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Wednesday, May 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Tuesday, May 17th. Matador Resources’s payout ratio is 3.26%.

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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