Zacks: Brokerages Expect Matador Resources Company (MTDR) to Post $0.10 EPS
Wall Street analysts expect Matador Resources Company (NYSE:MTDR) to announce earnings of $0.10 per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Matador Resources’ earnings, with estimates ranging from $0.03 to $0.16. Matador Resources posted earnings per share of $0.06 during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The business is expected to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Matador Resources will report full year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.71. For the next financial year, analysts forecast that the firm will report earnings of $0.65 per share, with EPS estimates ranging from $0.10 to $1.19. Zacks’ EPS averages are an average based on a survey of research analysts that follow Matador Resources.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. Matador Resources’s revenue was up 65.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share.
A number of equities research analysts have recently commented on MTDR shares. Credit Suisse Group started coverage on Matador Resources in a research report on Thursday, June 1st. They set an “outperform” rating and a $34.00 price objective for the company. BMO Capital Markets set a $23.00 price objective on Matador Resources and gave the company a “buy” rating in a research report on Monday, June 26th. Zacks Investment Research downgraded Matador Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. KLR Group increased their price objective on Matador Resources from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Matador Resources has a consensus rating of “Buy” and an average price target of $28.80.
In other Matador Resources news, Chairman Joseph Wm Foran sold 11,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $23.12, for a total transaction of $254,320.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David M. Posner bought 4,115 shares of the stock in a transaction on Tuesday, August 8th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $151,203.40. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. FNY Partners Fund LP increased its position in Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock valued at $118,000 after buying an additional 2,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Matador Resources during the first quarter valued at approximately $120,000. Dubuque Bank & Trust Co. acquired a new position in Matador Resources during the first quarter valued at approximately $162,000. Parallel Advisors LLC increased its position in Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after buying an additional 682 shares during the last quarter. Finally, LS Investment Advisors LLC acquired a new position in Matador Resources during the second quarter valued at approximately $155,000. 89.02% of the stock is currently owned by hedge funds and other institutional investors.
Matador Resources (NYSE:MTDR) opened at 23.56 on Monday. The stock has a market cap of $2.37 billion, a P/E ratio of 12.18 and a beta of 1.20. Matador Resources has a 52-week low of $19.99 and a 52-week high of $28.51. The firm’s 50-day moving average price is $22.99 and its 200 day moving average price is $23.44.
Matador Resources Company Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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