Q2 2024 EPS Estimates for Matador Resources (NYSE:MTDR) Boosted by Roth Capital

Matador Resources (NYSE:MTDR) – Equities researchers at Roth Capital boosted their Q2 2024 earnings per share estimates for Matador Resources in a report released on Wednesday, April 24th. Roth Capital analyst L. Mariani now anticipates that the energy company will earn $1.89 per share for the quarter, up from their prior forecast of $1.61. The consensus estimate for Matador Resources’ current full-year earnings is $7.30 per share. Roth Capital also issued estimates for Matador Resources’ Q3 2024 earnings at $2.29 EPS and FY2024 earnings at $8.22 EPS.

A number of other brokerages have also recently issued reports on MTDR. JPMorgan Chase & Co. upped their target price on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Mizuho increased their price objective on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. Benchmark reduced their price objective on Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.30.

Matador Resources Stock Up 0.0 %

Shares of Matador Resources stock opened at $65.60 on Friday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 8.99 and a beta of 3.32. The company has a quick ratio of 0.98, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $65.38 and a two-hundred day moving average price of $60.20. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32. The firm had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 earnings per share.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a yield of 1.22%. Matador Resources’s dividend payout ratio is currently 10.96%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MTDR. Algert Global LLC increased its stake in shares of Matador Resources by 1,500.9% in the third quarter. Algert Global LLC now owns 71,240 shares of the energy company’s stock valued at $4,237,000 after buying an additional 66,790 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Matador Resources by 31.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock valued at $5,237,000 after buying an additional 21,924 shares in the last quarter. Flputnam Investment Management Co. acquired a new stake in shares of Matador Resources in the third quarter valued at $204,000. WCM Investment Management LLC increased its stake in shares of Matador Resources by 10.3% in the fourth quarter. WCM Investment Management LLC now owns 304,568 shares of the energy company’s stock valued at $17,510,000 after buying an additional 28,390 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of Matador Resources by 85.4% in the third quarter. Natixis Advisors L.P. now owns 134,903 shares of the energy company’s stock valued at $8,024,000 after buying an additional 62,124 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.