Matador Resources (MTDR) to Release Earnings on Tuesday

Matador Resources (NYSE:MTDR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.39 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.05). The company had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.08 earnings per share. On average, analysts expect Matador Resources to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Matador Resources Stock Down 1.4 %

Shares of NYSE MTDR opened at $67.60 on Tuesday. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a market cap of $8.08 billion, a P/E ratio of 9.59 and a beta of 3.32. The business’s fifty day simple moving average is $63.85 and its 200-day simple moving average is $59.73.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s dividend payout ratio is presently 11.35%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTDR. Invesco Ltd. raised its holdings in Matador Resources by 82.9% in the 1st quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock valued at $231,403,000 after acquiring an additional 1,979,904 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Matador Resources by 51.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,013,942 shares of the energy company’s stock valued at $93,830,000 after buying an additional 685,220 shares during the period. Vanguard Group Inc. grew its stake in shares of Matador Resources by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock valued at $658,165,000 after buying an additional 567,557 shares during the period. Federated Hermes Inc. grew its stake in shares of Matador Resources by 77.1% during the 1st quarter. Federated Hermes Inc. now owns 1,256,513 shares of the energy company’s stock valued at $66,570,000 after buying an additional 546,871 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Matador Resources by 57.9% during the 1st quarter. First Trust Advisors LP now owns 1,219,791 shares of the energy company’s stock valued at $64,625,000 after buying an additional 447,266 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MTDR. Truist Financial raised their price target on Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company raised their price objective on Matador Resources from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Roth Mkm reissued a “buy” rating and set a $66.00 price target on shares of Matador Resources in a report on Monday, March 25th. JPMorgan Chase & Co. lifted their price objective on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, TD Cowen lifted their price objective on Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

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.