Wall Street analysts expect that Matador Resources Co (NYSE:MTDR) will announce $239.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Matador Resources’ earnings. The highest sales estimate is $253.70 million and the lowest is $234.00 million. Matador Resources reported sales of $207.18 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, October 30th.
On average, analysts expect that Matador Resources will report full-year sales of $931.89 million for the current fiscal year, with estimates ranging from $905.40 million to $1.01 billion. For the next financial year, analysts forecast that the business will post sales of $1.18 billion, with estimates ranging from $1.05 billion to $1.39 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Matador Resources.
Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.11. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The company had revenue of $241.70 million during the quarter, compared to analysts’ expectations of $210.42 million. During the same period last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year.
In related news, Chairman Joseph Wm Foran acquired 8,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $15.05 per share, with a total value of $120,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth L. Stewart purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $17.76 per share, with a total value of $88,800.00. Following the completion of the acquisition, the director now directly owns 37,532 shares in the company, valued at approximately $666,568.32. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 36,150 shares of company stock valued at $563,568. 6.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan purchased a new stake in Matador Resources in the fourth quarter valued at approximately $387,000. Thrivent Financial for Lutherans boosted its stake in shares of Matador Resources by 5.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 26,306 shares of the energy company’s stock worth $409,000 after buying an additional 1,343 shares during the period. Legal & General Group Plc boosted its stake in shares of Matador Resources by 3.0% during the fourth quarter. Legal & General Group Plc now owns 104,658 shares of the energy company’s stock worth $1,626,000 after buying an additional 3,031 shares during the period. Amalgamated Bank boosted its stake in shares of Matador Resources by 112.8% during the fourth quarter. Amalgamated Bank now owns 16,348 shares of the energy company’s stock worth $254,000 after buying an additional 8,667 shares during the period. Finally, Norges Bank acquired a new stake in shares of Matador Resources during the fourth quarter worth about $5,874,000. 94.87% of the stock is owned by institutional investors and hedge funds.
Matador Resources stock traded down $0.30 during mid-day trading on Thursday, reaching $13.73. The company had a trading volume of 2,678,593 shares, compared to its average volume of 2,496,119. Matador Resources has a 1 year low of $13.42 and a 1 year high of $34.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.81 and a quick ratio of 0.75. The company has a market capitalization of $1.80 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.80 and a beta of 1.96. The stock’s 50-day simple moving average is $17.53 and its 200-day simple moving average is $18.47.
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 in 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.
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