Matador Resources (NYSE:MTDR) Posts Earnings Results, Beats Estimates By $0.16 EPS

Matador Resources (NYSE:MTDR) posted its quarterly earnings data on Tuesday. The energy company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16, FiscalAI reports. The business had revenue of $847.99 million during the quarter, compared to analysts’ expectations of $811.13 million. Matador Resources had a return on equity of 12.50% and a net margin of 20.54%.The firm’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 EPS.

Matador Resources Stock Down 1.7%

NYSE MTDR opened at $49.69 on Thursday. Matador Resources has a 1-year low of $35.19 and a 1-year high of $53.84. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 8.15 and a beta of 1.14. The stock’s 50 day moving average is $44.54 and its two-hundred day moving average is $44.41. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 27th. Matador Resources’s payout ratio is presently 23.96%.

Institutional Trading of Matador Resources

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Matador Resources by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,670,265 shares of the energy company’s stock worth $283,089,000 after acquiring an additional 258,745 shares in the last quarter. State Street Corp lifted its holdings in Matador Resources by 1.9% during the 4th quarter. State Street Corp now owns 4,617,864 shares of the energy company’s stock valued at $195,982,000 after purchasing an additional 86,344 shares during the last quarter. Wellington Management Group LLP boosted its position in Matador Resources by 65.0% in the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock valued at $144,558,000 after buying an additional 1,342,145 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Matador Resources by 12.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,365,997 shares of the energy company’s stock worth $142,853,000 after buying an additional 385,000 shares during the last quarter. Finally, Beck Mack & Oliver LLC increased its holdings in shares of Matador Resources by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 1,432,324 shares of the energy company’s stock worth $60,788,000 after buying an additional 28,251 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho increased their price objective on Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. UBS Group upped their target price on shares of Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company downgraded shares of Matador Resources from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $61.00 to $47.00 in a report on Tuesday, January 27th. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average price target of $57.82.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.