Zacks Research Cuts Earnings Estimates for Matador Resources

Matador Resources Company (NYSE:MTDR) – Equities research analysts at Zacks Research cut their Q3 2027 earnings per share estimates for Matador Resources in a report released on Friday, October 31st. Zacks Research analyst Team now expects that the energy company will post earnings of $1.52 per share for the quarter, down from their prior estimate of $1.58. The consensus estimate for Matador Resources’ current full-year earnings is $8.53 per share.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada boosted their target price on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. William Blair began coverage on Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock. TD Cowen raised Matador Resources to a “strong-buy” rating in a report on Monday, July 7th. Bank of America reduced their target price on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their target price on Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

Matador Resources Stock Down 0.6%

NYSE MTDR opened at $39.24 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $45.28 and its two-hundred day moving average is $46.28. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 6.27 and a beta of 1.41. Matador Resources has a 1-year low of $35.19 and a 1-year high of $64.04.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. The company had revenue of $939.02 million for the quarter, compared to the consensus estimate of $893.22 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. MAI Capital Management raised its position in shares of Matador Resources by 13.9% during the 2nd quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock valued at $82,000 after acquiring an additional 210 shares during the last quarter. Beacon Pointe Advisors LLC raised its position in shares of Matador Resources by 4.3% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock valued at $252,000 after acquiring an additional 216 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Matador Resources by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock valued at $246,000 after acquiring an additional 220 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Matador Resources by 0.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company’s stock valued at $2,835,000 after acquiring an additional 244 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Matador Resources by 93.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Transactions at Matador Resources

In related news, Director Paul W. Harvey acquired 800 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $40.30 per share, for a total transaction of $32,240.00. Following the transaction, the director directly owned 15,767 shares of the company’s stock, valued at approximately $635,410.10. This trade represents a 5.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Glenn W. Stetson acquired 700 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average price of $39.95 per share, with a total value of $27,965.00. Following the transaction, the executive vice president directly owned 94,652 shares in the company, valued at $3,781,347.40. The trade was a 0.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 23,307 shares of company stock worth $976,278 over the last ninety days. 5.80% of the stock is currently owned by insiders.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be given a $0.375 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. This represents a $1.50 annualized dividend and a yield of 3.8%. Matador Resources’s dividend payout ratio is presently 23.96%.

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 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.