Analysts predict that Matador Resources Co (NYSE:MTDR) will announce sales of $251.09 million for the current quarter, Zacks reports. Eight analysts have provided estimates for Matador Resources’ earnings, with the highest sales estimate coming in at $268.00 million and the lowest estimate coming in at $238.50 million. Matador Resources reported sales of $289.87 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.4%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 25th.
On average, analysts expect that Matador Resources will report full-year sales of $946.78 million for the current financial year, with estimates ranging from $915.36 million to $972.00 million. For the next year, analysts expect that the company will post sales of $1.10 billion, with estimates ranging from $1.03 billion to $1.18 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Matador Resources.
Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, October 29th. The energy company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Matador Resources had a return on equity of 7.51% and a net margin of 20.35%. The firm had revenue of $279.40 million for the quarter, compared to analysts’ expectations of $227.69 million. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year.
MTDR has been the topic of a number of analyst reports. Williams Capital reiterated a “buy” rating and set a $26.00 price objective on shares of Matador Resources in a research note on Wednesday, October 30th. Stephens upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $22.00 to $24.00 in a research note on Tuesday, July 23rd. Northland Securities reiterated a “buy” rating and set a $22.00 price objective on shares of Matador Resources in a research note on Wednesday, October 30th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $22.00 in a research note on Friday, October 4th. Finally, Stifel Nicolaus set a $22.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.25.
In other Matador Resources news, Chairman Joseph Wm Foran bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $14.14 per share, with a total value of $113,120.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy E. Parker bought 3,584 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $13.94 per share, for a total transaction of $49,960.96. Following the completion of the acquisition, the director now directly owns 24,151 shares in the company, valued at approximately $336,664.94. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,584 shares of company stock worth $191,301 over the last three months. 6.90% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Matador Resources during the 2nd quarter worth approximately $30,000. Nisa Investment Advisors LLC grew its holdings in Matador Resources by 149.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock valued at $64,000 after buying an additional 2,310 shares in the last quarter. Marshall Wace LLP acquired a new position in Matador Resources in the 1st quarter valued at $74,000. Denali Advisors LLC acquired a new position in Matador Resources in the 3rd quarter valued at $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Matador Resources by 27.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,468 shares of the energy company’s stock valued at $123,000 after buying an additional 1,630 shares in the last quarter. 95.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Matador Resources stock traded up $0.20 on Thursday, reaching $15.25. 1,832,611 shares of the company were exchanged, compared to its average volume of 2,560,329. Matador Resources has a one year low of $12.16 and a one year high of $26.94. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 2.10 and a beta of 1.99. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $14.87 and a 200 day moving average of $16.93.
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 in 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.
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