Q4 2024 EPS Estimates for Matador Resources (NYSE:MTDR) Lowered by Zacks Research

Matador Resources (NYSE:MTDR) – Equities researchers at Zacks Research reduced their Q4 2024 EPS estimates for shares of Matador Resources in a research note issued on Tuesday, April 16th. Zacks Research analyst N. Banerjee now forecasts that the energy company will post earnings of $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 $6.87 per share. Zacks Research also issued estimates for Matador Resources’ Q1 2026 earnings at $1.58 EPS.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The firm had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. During the same quarter last year, the firm earned $2.08 EPS. The company’s revenue was up 18.2% on a year-over-year basis.

Several other analysts also recently weighed in on MTDR. StockNews.com upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Mizuho boosted their price objective on shares of Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Roth Mkm restated a “buy” rating and set a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company upped their target price on shares of Matador Resources from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. 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, Matador Resources has an average rating of “Moderate Buy” and an average price target of $72.50.

Matador Resources Trading Down 1.9 %

NYSE MTDR opened at $65.67 on Wednesday. The stock has a market capitalization of $7.85 billion, a PE ratio of 9.31 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. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08. The firm has a 50 day moving average of $64.34 and a two-hundred day moving average of $59.83.

Institutional Investors Weigh In On Matador Resources

Hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Matador Resources during the fourth quarter worth $31,000. Financial Management Professionals Inc. acquired a new stake in shares of Matador Resources during the fourth quarter worth $34,000. Rise Advisors LLC acquired a new stake in Matador Resources in the first quarter valued at $34,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Matador Resources in the fourth quarter valued at $35,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, February 22nd. Matador Resources’s dividend payout ratio is presently 11.35%.

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.