Matador Resources Co (NYSE:MTDR) – Equities research analysts at SunTrust Banks upped their Q4 2019 earnings per share estimates for Matador Resources in a note issued to investors on Monday, July 8th. SunTrust Banks analyst N. Dingmann now forecasts that the energy company will earn $0.42 per share for the quarter, up from their previous estimate of $0.41. SunTrust Banks also issued estimates for Matador Resources’ FY2020 earnings at $2.19 EPS.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Matador Resources had a net margin of 22.37% and a return on equity of 9.57%. The business had revenue of $173.89 million during the quarter, compared to analyst estimates of $198.76 million. During the same period last year, the business posted $0.36 earnings per share. Matador Resources’s quarterly revenue was down 9.0% compared to the same quarter last year.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a report on Friday, June 7th. Wells Fargo & Co restated a “buy” rating on shares of SM Energy in a report on Friday, April 12th. Imperial Capital restated an “outperform” rating and issued a $33.00 price objective (up from $31.00) on shares of Matador Resources in a report on Monday, April 1st. Finally, MKM Partners upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.07.

Shares of MTDR opened at $19.63 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78. Matador Resources has a one year low of $13.97 and a one year high of $34.90. The business has a 50-day moving average of $17.94. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.85 and a beta of 1.98.

In other news, President Matthew V. Hairford purchased 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $16.78 per share, with a total value of $33,560.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley M. Robinson purchased 5,000 shares of Matador Resources stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average cost of $16.76 per share, with a total value of $83,800.00. The disclosure for this purchase can be found here. Insiders have acquired 13,000 shares of company stock valued at $222,160 in the last ninety days. Insiders own 6.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Private Capital Group LLC grew its holdings in Matador Resources by 91.5% during the 1st quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after purchasing an additional 1,071 shares during the last quarter. Marshall Wace LLP purchased a new stake in Matador Resources in the 1st quarter valued at about $74,000. Zions Bancorporation N.A. purchased a new stake in Matador Resources in the 1st quarter valued at about $91,000. Gradient Investments LLC purchased a new stake in Matador Resources in the 1st quarter valued at about $102,000. Finally, NumerixS Investment Technologies Inc boosted its position in Matador Resources by 89.4% in the 4th quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock valued at $124,000 after buying an additional 3,777 shares during the period. 94.99% of the stock is owned by institutional investors.

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 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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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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