Q3 2024 EPS Estimates for Matador Resources Raised by Capital One Financial (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Equities research analysts at Capital One Financial lifted their Q3 2024 EPS estimates for shares of Matador Resources in a report issued on Wednesday, April 24th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings per share of $2.04 for the quarter, up from their prior forecast of $1.97. The consensus estimate for Matador Resources’ current full-year earnings is $7.50 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $2.13 EPS, FY2024 earnings at $7.70 EPS, FY2025 earnings at $9.01 EPS and FY2026 earnings at $9.07 EPS.

Several other research firms have also recently commented on MTDR. JPMorgan Chase & Co. lifted their target price on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price target on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Truist Financial increased their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Benchmark lowered their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, KeyCorp increased their price target on shares of Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Matador Resources Price Performance

NYSE:MTDR opened at $62.25 on Monday. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 8.53 and a beta of 3.32. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average is $65.64 and its two-hundred day moving average is $60.29.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32. The business had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 16th. Matador Resources’s dividend payout ratio is presently 10.96%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust boosted its stake in shares of Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. acquired a new position in Matador Resources during the 4th quarter worth $31,000. Financial Management Professionals Inc. acquired a new position in Matador Resources during the 4th quarter worth $34,000. Rise Advisors LLC acquired a new stake in shares of Matador Resources in the 1st quarter valued at about $34,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Matador Resources in the 4th quarter valued at about $35,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.