Matador Resources (NYSE:MTDR) Issues Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Matador Resources (NYSE:MTDR) posted its quarterly earnings data on Tuesday. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32, Briefing.com reports. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company had revenue of $787.70 million during the quarter, compared to the consensus estimate of $740.99 million. During the same quarter in the prior year, the company posted $1.50 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year.

Matador Resources Stock Down 0.1 %

NYSE MTDR traded down $0.08 on Wednesday, reaching $65.06. The company had a trading volume of 1,464,297 shares, compared to its average volume of 1,385,253. The firm has a market capitalization of $7.78 billion, a PE ratio of 9.45 and a beta of 3.32. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The firm has a 50-day moving average of $65.07 and a 200-day moving average of $60.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, May 16th. Matador Resources’s dividend payout ratio is presently 11.35%.

Wall Street Analysts Forecast Growth

MTDR has been the subject of a number of research analyst reports. Raymond James dropped their price objective on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Wells Fargo & Company upped their price objective on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Benchmark dropped their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Mizuho boosted their target price on Matador Resources from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average price target of $74.10.

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 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.