What is Roth Capital’s Estimate for MTDR FY2024 Earnings?

Matador Resources (NYSE:MTDR) – Stock analysts at Roth Capital decreased their FY2024 EPS estimates for shares of Matador Resources in a report released on Wednesday, October 23rd. Roth Capital analyst L. Mariani now anticipates that the energy company will earn $7.69 per share for the year, down from their prior forecast of $8.17. The consensus estimate for Matador Resources’ current full-year earnings is $7.41 per share.

MTDR has been the subject of a number of other research reports. Wells Fargo & Company cut their price objective on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Capital One Financial upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. TD Cowen upped their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.31.

Matador Resources Stock Down 1.1 %

Shares of NYSE:MTDR opened at $51.81 on Friday. The stock has a market cap of $6.47 billion, a P/E ratio of 6.86 and a beta of 3.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The firm has a fifty day moving average price of $52.74 and a 200 day moving average price of $58.20.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.63%. Matador Resources’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is 10.60%.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the acquisition, the chief executive officer now owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,251 shares in the company, valued at $1,972,645.96. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert T. Macalik purchased 500 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $50.25 per share, with a total value of $25,125.00. Following the completion of the acquisition, the chief accounting officer now owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 12,300 shares of company stock worth $634,615. 6.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Matador Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System grew its holdings in Matador Resources by 7.0% in the third quarter. New York State Teachers Retirement System now owns 132,596 shares of the energy company’s stock valued at $6,553,000 after purchasing an additional 8,732 shares during the period. Smith Group Asset Management LLC purchased a new stake in Matador Resources in the third quarter valued at approximately $531,000. Inscription Capital LLC grew its holdings in Matador Resources by 7.2% in the third quarter. Inscription Capital LLC now owns 6,002 shares of the energy company’s stock valued at $297,000 after purchasing an additional 402 shares during the period. State of Alaska Department of Revenue grew its holdings in Matador Resources by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 13,533 shares of the energy company’s stock valued at $668,000 after purchasing an additional 915 shares during the period. Finally, Frank Rimerman Advisors LLC grew its holdings in Matador Resources by 3.3% in the third quarter. Frank Rimerman Advisors LLC now owns 9,741 shares of the energy company’s stock valued at $481,000 after purchasing an additional 315 shares during the period. 91.98% of the stock is currently owned by hedge funds and other 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.