Matador Resources Expected to Earn Q3 2024 Earnings of $2.04 Per Share (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Equities researchers at Capital One Financial increased their Q3 2024 EPS estimates for Matador Resources in a research report issued to clients and investors on Wednesday, April 24th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $2.04 for the quarter, up from their prior estimate of $1.97. The consensus estimate for Matador Resources’ current full-year earnings is $7.50 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $2.13 EPS, FY2024 earnings at $7.70 EPS, FY2025 earnings at $9.01 EPS and FY2026 earnings at $9.07 EPS.

Several other research analysts have also recently weighed in on MTDR. TD Cowen upped their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Truist Financial increased their price target on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Friday. Benchmark dropped their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. 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. Finally, Wells Fargo & Company upped their price objective on Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.30.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $65.61 on Monday. The stock’s 50-day simple moving average is $65.50 and its two-hundred day simple moving average is $60.25. Matador Resources has a twelve month low of $42.04 and a twelve month high of $71.08. The firm 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.

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 business had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Hedge Funds Weigh In On Matador Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its holdings in Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Matador Resources in the fourth quarter worth about $31,000. Financial Management Professionals Inc. purchased a new position in Matador Resources during the 4th quarter valued at about $34,000. Rise Advisors LLC bought a new position in Matador Resources during the 1st quarter valued at approximately $34,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Matador Resources in the 4th quarter worth approximately $35,000. 91.98% of the stock is currently owned by institutional investors.

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.