FY2024 EPS Estimate for Matador Resources Lifted by Analyst

Matador Resources (NYSE:MTDR) – Capital One Financial raised their FY2024 earnings per share (EPS) estimates for Matador Resources in a research note issued on Tuesday, January 21st. Capital One Financial analyst P. Johnston now expects that the energy company will earn $7.46 per share for the year, up from their previous estimate of $7.38. The consensus estimate for Matador Resources’ current full-year earnings is $7.43 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $1.81 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.08 EPS, Q3 2025 earnings at $2.16 EPS, Q4 2025 earnings at $2.22 EPS, FY2025 earnings at $8.47 EPS and FY2026 earnings at $8.53 EPS.

A number of other analysts also recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. Truist Financial raised their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Wells Fargo & Company boosted their target price on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. KeyCorp reduced their target price on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Matador Resources Trading Up 0.5 %

Matador Resources stock opened at $63.03 on Wednesday. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a market capitalization of $7.86 billion, a PE ratio of 8.35 and a beta of 3.24. The firm has a 50 day simple moving average of $58.28 and a 200-day simple moving average of $56.21.

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

Insiders Place Their Bets

In other news, EVP William Thomas Elsener bought 800 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at $5,827,762.40. This trade represents a 0.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,285 shares of company stock worth $232,849. 6.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Matador Resources

Several institutional investors have recently bought and sold shares of MTDR. MassMutual Private Wealth & Trust FSB boosted its holdings in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the period. True Wealth Design LLC bought a new stake in Matador Resources during the 3rd quarter valued at approximately $37,000. Denver PWM LLC grew its holdings in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares during the last quarter. Avior Wealth Management LLC increased 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 worth $41,000 after buying an additional 635 shares during the period. Finally, Quarry LP lifted its holdings in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

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.