Matador Resources (MTDR) Set to Announce Quarterly Earnings on Tuesday

Matador Resources (NYSE:MTDR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $1.78 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 earnings per share. On average, analysts expect Matador Resources to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Matador Resources Stock Down 2.0 %

Shares of NYSE MTDR opened at $53.67 on Tuesday. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 7.35 and a beta of 3.26. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The business’s 50 day moving average is $53.47 and its two-hundred day moving average is $59.12.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s payout ratio is 10.96%.

Insider Buying and Selling at Matador Resources

In related news, EVP Bryan A. Erman acquired 1,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the purchase, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the purchase, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bryan A. Erman bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $50.35 per share, with a total value of $50,350.00. Following the purchase, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,300 shares of company stock worth $634,615 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MTDR. TD Cowen upped their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wolfe Research began coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their price objective on Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Stephens upped their price objective on Matador Resources from $74.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. cut their price objective on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Matador Resources has an average rating of “Moderate Buy” and an average price target of $75.85.

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.