Matador Resources (NYSE:MTDR – Get Free Report) 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
Get Our Latest Stock Report on MTDR
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.
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