Matador Resources (NYSE:MTDR) Issues Earnings Results

Matador Resources (NYSE:MTDR) posted its quarterly earnings data on Wednesday. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.27, Zacks reports. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%.

Matador Resources Stock Down 8.1%

Shares of MTDR stock traded down $5.08 during trading hours on Wednesday, hitting $57.85. 2,277,574 shares of the company were exchanged, compared to its average volume of 1,884,309. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.75 and a current ratio of 0.79. Matador Resources has a one year low of $37.14 and a one year high of $66.84. The business’s 50-day simple moving average is $58.47 and its two-hundred day simple moving average is $48.37. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 1.98 and a beta of 0.81.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.6%. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Roth Mkm reissued a “neutral” rating and issued a $65.00 price objective (up from $52.00) on shares of Matador Resources in a research report on Wednesday, April 8th. Citigroup upped their price objective on shares of Matador Resources from $62.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Weiss Ratings raised shares of Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company upped their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus target price of $62.62.

Hedge Funds Weigh In On Matador Resources

Several large investors have recently modified their holdings of the stock. Sivia Capital Partners LLC acquired a new stake in Matador Resources during the second quarter worth about $255,000. Jump Financial LLC acquired a new stake in Matador Resources during the second quarter worth about $248,000. DRW Securities LLC acquired a new stake in Matador Resources during the fourth quarter worth about $247,000. Focus Partners Wealth acquired a new stake in Matador Resources during the third quarter worth about $221,000. Finally, Virtus Investment Advisers LLC acquired a new stake in Matador Resources during the fourth quarter worth about $165,000. Institutional investors own 91.98% of the company’s stock.

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.