Matador Resources (MTDR) to Release Quarterly Earnings on Tuesday

Matador Resources (NYSE:MTDR) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Matador Resources to post earnings of $1.78 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The company’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. 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 Performance

Shares of NYSE:MTDR opened at $51.54 on Monday. The stock has a market capitalization of $6.43 billion, a P/E ratio of 7.06 and a beta of 3.26. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $53.24 and a two-hundred day moving average price of $58.75.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s payout ratio is currently 13.70%.

Insider Transactions at Matador Resources

In related news, CAO Robert T. Macalik acquired 500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the purchase, the chief executive officer now owns 35,251 shares in the company, valued at approximately $1,972,645.96. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now owns 29,300 shares in the company, valued at $1,596,850. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,300 shares of company stock worth $634,615 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Mizuho decreased their target price on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Stephens boosted their target price on Matador Resources from $74.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Wednesday, July 24th. Finally, Truist Financial decreased their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.54.

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.