Roth Capital Raises Earnings Estimates for Matador Resources

Matador Resources (NYSE:MTDR) – Research analysts at Roth Capital upped their FY2025 earnings per share (EPS) estimates for shares of Matador Resources in a report issued on Wednesday, February 19th. Roth Capital analyst L. Mariani now expects that the energy company will post earnings of $8.82 per share for the year, up from their previous estimate of $8.17. The consensus estimate for Matador Resources’ current full-year earnings is $8.53 per share.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company upped 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. Benchmark reaffirmed a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Friday, January 3rd. Truist Financial upped their target price on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.14.

Matador Resources Trading Down 6.0 %

Shares of NYSE MTDR opened at $53.10 on Monday. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 7.44 and a beta of 3.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The business has a 50 day simple moving average of $58.17 and a 200 day simple moving average of $55.82. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio is presently 17.51%.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was purchased at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the purchase, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Thomas Elsener acquired 800 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of $56.60 per share, with a total value 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 approximately $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,980 shares of company stock worth $165,988. 6.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new position in Matador Resources during the fourth quarter worth $25,000. TCTC Holdings LLC grew its holdings in shares of Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.