Q3 2024 EPS Estimates for Matador Resources (NYSE:MTDR) Lifted by Capital One Financial

Matador Resources (NYSE:MTDR) – Equities researchers at Capital One Financial lifted their Q3 2024 earnings per share (EPS) estimates for shares of Matador Resources in a research report issued to clients and investors on Wednesday, April 24th. Capital One Financial analyst P. Johnston now expects that the energy company will earn $2.04 per share for the quarter, up from their prior forecast of $1.97. The consensus estimate for Matador Resources’ current full-year earnings is $7.50 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $2.13 EPS, FY2024 earnings at $7.70 EPS, FY2025 earnings at $9.01 EPS and FY2026 earnings at $9.07 EPS.

A number of other equities analysts have also weighed in on the company. Benchmark decreased their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. TD Cowen upped their target price on shares of Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Mizuho raised their price target on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, KeyCorp raised their price objective on Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Matador Resources Price Performance

MTDR stock opened at $62.25 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The firm has a 50 day moving average price of $65.64 and a 200-day moving average price of $60.29. Matador Resources has a 52-week low of $42.04 and a 52-week high of $71.08. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 8.53 and a beta of 3.32.

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

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Matador Resources by 1,500.9% during the third quarter. Algert Global LLC now owns 71,240 shares of the energy company’s stock valued at $4,237,000 after buying an additional 66,790 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Matador Resources by 31.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock valued at $5,237,000 after purchasing an additional 21,924 shares in the last quarter. Flputnam Investment Management Co. acquired a new position in shares of Matador Resources during the 3rd quarter worth approximately $204,000. WCM Investment Management LLC raised its position in Matador Resources by 10.3% during the fourth quarter. WCM Investment Management LLC now owns 304,568 shares of the energy company’s stock worth $17,510,000 after acquiring an additional 28,390 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in Matador Resources by 85.4% in the 3rd quarter. Natixis Advisors L.P. now owns 134,903 shares of the energy company’s stock worth $8,024,000 after buying an additional 62,124 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. Matador Resources’s payout ratio 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.