Q4 2024 EPS Estimates for Matador Resources (NYSE:MTDR) Reduced by Analyst

Matador Resources (NYSE:MTDR) – Stock analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Matador Resources in a report released on Tuesday, April 16th. Zacks Research analyst N. Banerjee now forecasts that the energy company will post earnings of $1.90 per share for the quarter, down from their prior estimate of $1.92. The consensus estimate for Matador Resources’ current full-year earnings is $7.04 per share. Zacks Research also issued estimates for Matador Resources’ Q1 2026 earnings at $1.58 EPS.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). The business had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.08 EPS.

Other equities analysts also recently issued research reports about the stock. Mizuho upped their price objective on shares of Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their target price on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday. Roth Mkm reissued a “buy” rating and set a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, StockNews.com upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Matador Resources Stock Down 1.4 %

Shares of Matador Resources stock opened at $64.73 on Wednesday. The company has a market capitalization of $7.74 billion, a P/E ratio of 9.18 and a beta of 3.32. The company has a 50 day moving average of $64.52 and a 200 day moving average of $59.86. Matador Resources has a 52-week low of $42.04 and a 52-week high of $71.08. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53.

Institutional Trading of Matador Resources

Several institutional investors have recently modified their holdings of MTDR. Parkside Financial Bank & Trust boosted its position in shares of Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Oakworth Capital Inc. purchased a new position in Matador Resources during the fourth quarter valued at approximately $31,000. Financial Management Professionals Inc. purchased a new position in shares of Matador Resources during the 4th quarter valued at $34,000. Rise Advisors LLC acquired a new stake in shares of Matador Resources during the 1st quarter valued at about $34,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Matador Resources during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s dividend payout ratio (DPR) is 11.35%.

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.