Q1 2024 Earnings Estimate for Matador Resources Issued By Zacks Research (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Equities researchers at Zacks Research upped their Q1 2024 earnings per share estimates for shares of Matador Resources in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst N. Banerjee now expects that the energy company will post earnings of $1.36 per share for the quarter, up from their previous estimate of $1.34. The consensus estimate for Matador Resources’ current full-year earnings is $7.04 per share. Zacks Research also issued estimates for Matador Resources’ Q2 2024 earnings at $1.59 EPS, Q3 2024 earnings at $1.88 EPS, Q1 2025 earnings at $1.83 EPS, Q2 2025 earnings at $1.94 EPS, Q3 2025 earnings at $1.90 EPS, Q4 2025 earnings at $1.70 EPS, FY2025 earnings at $7.37 EPS and FY2026 earnings at $6.89 EPS.

MTDR has been the topic of several other research reports. Roth Mkm restated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. KeyCorp dropped their price objective on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.40.

Matador Resources Trading Down 0.2 %

NYSE MTDR opened at $64.62 on Thursday. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 9.17 and a beta of 3.32. The stock’s 50 day moving average price is $64.72 and its two-hundred day moving average price is $59.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 EPS.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently added to or reduced their stakes in MTDR. 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 valued at $26,000 after buying an additional 200 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Matador Resources during the 4th quarter worth $31,000. Financial Management Professionals Inc. acquired a new stake in shares of Matador Resources during the 4th quarter worth $34,000. Rise Advisors LLC bought a new stake in shares of Matador Resources during the 1st quarter worth $34,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matador Resources during the 4th quarter worth $35,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors 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 yield of 1.24%. The ex-dividend date is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 11.35%.

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.