Matador Resources (NYSE:MTDR) Expected to Post Q2 2024 Earnings of $1.71 Per Share

Matador Resources (NYSE:MTDR) – Analysts at Zacks Research lifted their Q2 2024 earnings estimates for shares of Matador Resources in a research note issued to investors on Tuesday, May 7th. Zacks Research analyst N. Banerjee now forecasts that the energy company will post earnings per share of $1.71 for the quarter, up from their previous estimate of $1.59. The consensus estimate for Matador Resources’ current full-year earnings is $7.57 per share. Zacks Research also issued estimates for Matador Resources’ Q3 2025 earnings at $2.13 EPS, FY2025 earnings at $7.91 EPS, Q1 2026 earnings at $1.55 EPS and FY2026 earnings at $7.05 EPS.

Several other equities research analysts have also recently weighed in on the company. Benchmark decreased their price target on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Tuesday, March 5th. Roth Mkm reissued a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. KeyCorp lifted their price target on Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Truist Financial increased their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.30.

Matador Resources Stock Performance

Shares of MTDR opened at $64.24 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 8.80 and a beta of 3.33. Matador Resources has a 52-week low of $42.15 and a 52-week high of $71.08. The stock’s 50-day simple moving average is $65.93 and its 200 day simple moving average is $60.23.

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

Institutional Trading of Matador Resources

Large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its position in Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Oakworth Capital Inc. bought a new stake in shares of Matador Resources during the 4th quarter valued at about $31,000. Financial Management Professionals Inc. purchased a new position in shares of Matador Resources during the fourth quarter valued at about $34,000. Rise Advisors LLC bought a new position in Matador Resources in the first quarter worth about $34,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Matador Resources during the 4th quarter worth approximately $35,000. 91.98% of the stock is owned by institutional investors.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

About Matador Resources

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.