What is Zacks Research’s Estimate for MTDR FY2024 Earnings?

Matador Resources (NYSE:MTDRFree Report) – Equities researchers at Zacks Research decreased their FY2024 earnings estimates for shares of Matador Resources in a research report issued to clients and investors on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $7.29 for the year, down from their prior forecast of $7.31. The consensus estimate for Matador Resources’ current full-year earnings is $7.49 per share. Zacks Research also issued estimates for Matador Resources’ Q4 2024 earnings at $1.64 EPS, Q3 2025 earnings at $1.67 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.94 EPS and FY2026 earnings at $7.11 EPS.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company upped their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a report on Friday, December 6th. KeyCorp dropped their price target on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Truist Financial increased their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Get Our Latest Stock Report on Matador Resources

Matador Resources Stock Performance

NYSE MTDR opened at $62.71 on Wednesday. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 8.31 and a beta of 3.24. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The stock has a fifty day simple moving average of $57.34 and a 200 day simple moving average of $56.01.

Matador Resources (NYSE:MTDRGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently added to or reduced their stakes in MTDR. True Wealth Design LLC purchased a new stake in shares of Matador Resources in the third quarter worth approximately $37,000. Denver PWM LLC grew its holdings in Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after buying an additional 303 shares in the last quarter. Avior Wealth Management LLC raised its position in Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the last quarter. Quarry LP lifted its stake in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after acquiring an additional 644 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling

In other Matador Resources news, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the acquisition, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at $4,411,043.55. This represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William Thomas Elsener bought 800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 4,285 shares of company stock valued at $232,849. 6.10% of the stock is owned by company insiders.

Matador Resources Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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