Matador Resources Company (MTDR) to Issue Quarterly Dividend of $0.38 on March 10th

Matador Resources Company (NYSE:MTDR) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.375 per share by the energy company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 27th.

Matador Resources has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Matador Resources to earn $8.62 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 17.4%.

Matador Resources Price Performance

Matador Resources stock traded down $2.03 during mid-day trading on Wednesday, hitting $48.51. 179,594 shares of the company were exchanged, compared to its average volume of 1,796,281. Matador Resources has a 12-month low of $35.19 and a 12-month high of $53.84. The company has a market capitalization of $6.03 billion, a P/E ratio of 7.75 and a beta of 1.14. The business’s 50 day simple moving average is $44.41 and its two-hundred day simple moving average is $44.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.07). The firm had revenue of $847.99 million during the quarter, compared to analyst estimates of $811.13 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. Analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

About Matador Resources

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.