Capital One Financial Estimates MTDR FY2024 Earnings

Matador Resources (NYSE:MTDR) – Analysts at Capital One Financial raised their FY2024 EPS estimates for Matador Resources in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings of $7.38 per share for the year, up from their previous forecast of $7.35. The consensus estimate for Matador Resources’ current full-year earnings is $7.49 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $1.73 EPS.

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

Several other brokerages have also issued reports on MTDR. Wells Fargo & Company raised their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research note on Wednesday, October 23rd. Stephens upped their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.54.

Matador Resources Stock Performance

NYSE MTDR opened at $59.92 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The stock has a market cap of $7.48 billion, a PE ratio of 7.94 and a beta of 3.24. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The firm’s fifty day moving average price is $56.96 and its two-hundred day moving average price is $56.02.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MTDR. Boston Trust Walden Corp bought a new position in Matador Resources in the third quarter worth about $51,788,000. Yaupon Capital Management LP grew its stake in Matador Resources by 565.4% in the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after purchasing an additional 632,218 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Matador Resources by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after buying an additional 356,506 shares in the last quarter. FMR LLC boosted its stake in Matador Resources by 162.9% during the third quarter. FMR LLC now owns 478,795 shares of the energy company’s stock worth $23,662,000 after acquiring an additional 296,663 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Matador Resources by 10.5% during the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after buying an additional 214,334 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In related news, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the transaction, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Thomas Elsener purchased 800 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of 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 90 days, insiders have bought 4,285 shares of company stock valued at $232,849. Company insiders own 6.10% of the company’s stock.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. Matador Resources’s dividend payout ratio is currently 13.25%.

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.