Capital One Financial Analysts Decrease Earnings Estimates for Matador Resources (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Research analysts at Capital One Financial cut their Q2 2024 EPS estimates for Matador Resources in a note issued to investors on Wednesday, April 24th. Capital One Financial analyst P. Johnston now forecasts that the energy company will post earnings of $1.82 per share for the quarter, down from their prior forecast of $1.87. The consensus estimate for Matador Resources’ current full-year earnings is $7.40 per share.

Several other research analysts have also commented on the company. Truist Financial raised their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company raised their target price on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Tuesday, March 5th. Roth Mkm reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. Finally, StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.30.

Matador Resources Stock Up 0.0 %

Shares of NYSE:MTDR opened at $65.61 on Friday. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The stock has a 50-day simple moving average of $65.50 and a 200-day simple moving average of $60.24. The stock has a market capitalization of $7.84 billion, a P/E ratio of 8.99 and a beta of 3.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.89.

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

Hedge Funds Weigh In On Matador Resources

Large investors have recently bought and sold shares of the business. AE Wealth Management LLC acquired a new position in shares of Matador Resources during the third quarter worth approximately $297,000. Simplicity Solutions LLC bought a new stake in Matador Resources during the third quarter worth approximately $236,000. Hunter Perkins Capital Management LLC lifted its position in Matador Resources by 41.9% in the third quarter. Hunter Perkins Capital Management LLC now owns 8,800 shares of the energy company’s stock worth $523,000 after purchasing an additional 2,600 shares during the period. Lindenwold Advisors INC boosted its stake in Matador Resources by 12.4% during the 3rd quarter. Lindenwold Advisors INC now owns 6,374 shares of the energy company’s stock valued at $379,000 after purchasing an additional 702 shares in the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Matador Resources by 1.3% during the 3rd quarter. Copeland Capital Management LLC now owns 530,622 shares of the energy company’s stock valued at $31,561,000 after purchasing an additional 6,642 shares during the period. Institutional investors own 91.98% of the company’s stock.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

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.