Equities research analysts forecast that Matador Resources Co (NYSE:MTDR) will report earnings per share of $0.19 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Matador Resources’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.08. Matador Resources reported earnings per share of $0.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 137.5%. The company is expected to announce its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Matador Resources will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.86. For the next year, analysts anticipate that the company will post earnings of $0.81 per share, with EPS estimates ranging from $0.15 to $1.47. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Matador Resources.

Matador Resources (NYSE:MTDR) last announced its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The firm had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue was up 42.3% compared to the same quarter last year.

Several equities analysts recently commented on MTDR shares. BMO Capital Markets set a $29.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. Mizuho set a $28.00 price objective on Matador Resources and gave the company a “hold” rating in a research note on Saturday, November 25th. Imperial Capital upped their price objective on Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $30.00.

Matador Resources (NYSE:MTDR) opened at $27.89 on Wednesday. Matador Resources has a 12 month low of $20.13 and a 12 month high of $29.76. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,071.22, a P/E ratio of 52.44, a P/E/G ratio of 1.39 and a beta of 1.16.

In related news, Director David M. Posner bought 1,035 shares of the company’s stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $181,444.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.90% of the company’s stock.

Several large investors have recently bought and sold shares of MTDR. BlackRock Inc. lifted its position in shares of Matador Resources by 53.9% during the second quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after acquiring an additional 3,566,950 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Matador Resources by 88.5% during the second quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock worth $105,980,000 after acquiring an additional 2,328,250 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Matador Resources by 216.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after acquiring an additional 1,682,663 shares in the last quarter. State Street Corp lifted its position in shares of Matador Resources by 40.5% during the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after acquiring an additional 1,370,196 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Matador Resources by 126.3% in the second quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock worth $24,422,000 after purchasing an additional 637,703 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.

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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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