Matador Resources (NYSE:MTDR) Issues Earnings Results, Beats Expectations By $0.29 EPS

Matador Resources (NYSE:MTDR) announced its quarterly earnings data on Tuesday. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29, Briefing.com reports. Matador Resources had a return on equity of 21.93% and a net margin of 29.01%. The business had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same period in the previous year, the business posted $1.42 EPS. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year.

Matador Resources Price Performance

Shares of MTDR stock traded up $0.01 during trading on Thursday, hitting $61.69. The company had a trading volume of 2,048,152 shares, compared to its average volume of 1,535,712. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average is $60.27 and its two-hundred day moving average is $61.29. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 8.48 and a beta of 3.29. Matador Resources has a 52 week low of $51.72 and a 52 week high of $71.08.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday. Wolfe Research started coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company upped their price target on Matador Resources from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, KeyCorp upped their price target on Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Insider Buying and Selling

In related news, EVP Bryan A. Erman acquired 1,750 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the transaction, the executive vice president now owns 1,750 shares in the company, valued at $97,825. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by company insiders.

Matador Resources Company Profile

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.