Wall Street brokerages expect Matador Resources (NYSE:MTDR) to report earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Matador Resources’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.72. Matador Resources posted earnings of ($0.03) per share in the same quarter last year, which suggests a positive year over year growth rate of 2,266.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 27th.
On average, analysts expect that Matador Resources will report full-year earnings of $2.87 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $3.92. For the next financial year, analysts forecast that the firm will post earnings of $2.92 per share, with EPS estimates ranging from $1.91 to $3.78. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Matador Resources.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, April 28th. The energy company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.32. The company had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $257.13 million. Matador Resources had a positive return on equity of 7.71% and a negative net margin of 87.01%. The firm’s revenue was down 28.2% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share.
In related news, COO Billy E. Goodwin bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 11th. The stock was purchased at an average cost of $27.75 per share, with a total value of $55,500.00. Following the purchase, the chief operating officer now directly owns 137,264 shares of the company’s stock, valued at approximately $3,809,076. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its holdings in Matador Resources by 2,235.4% during the 1st quarter. Alliancebernstein L.P. now owns 3,756,517 shares of the energy company’s stock worth $88,090,000 after buying an additional 3,595,667 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Matador Resources by 192.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,330,938 shares of the energy company’s stock worth $54,661,000 after buying an additional 1,533,902 shares during the last quarter. Morgan Stanley lifted its holdings in Matador Resources by 239.3% during the 4th quarter. Morgan Stanley now owns 1,622,925 shares of the energy company’s stock worth $19,573,000 after buying an additional 1,144,650 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Matador Resources by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,524,218 shares of the energy company’s stock worth $106,093,000 after buying an additional 894,934 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Matador Resources by 135.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,509,863 shares of the energy company’s stock worth $35,382,000 after buying an additional 868,871 shares during the last quarter. 83.52% of the stock is owned by hedge funds and other institutional investors.
Shares of MTDR stock opened at $33.05 on Friday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -5.82 and a beta of 4.82. Matador Resources has a fifty-two week low of $6.29 and a fifty-two week high of $34.20. The company has a 50-day moving average price of $27.68. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 3rd. Investors of record on Thursday, May 13th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, May 12th. This represents a $0.10 annualized dividend and a yield of 0.30%. Matador Resources’s payout ratio is 17.86%.
About Matador Resources
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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