Matador Resources (MTDR) Projected to Post Quarterly Earnings on Tuesday

Matador Resources (NYSE:MTDR) is projected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.88 per share and revenue of $967.10 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Matador Resources Stock Performance

Shares of MTDR opened at $57.21 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The stock has a 50 day moving average price of $58.22 and a two-hundred day moving average price of $55.81. The firm has a market capitalization of $7.14 billion, a P/E ratio of 7.58 and a beta of 3.22. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MTDR shares. JPMorgan Chase & Co. cut their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. TD Cowen upped their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Truist Financial upped their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.14.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now owns 42,251 shares in the company, valued at $2,331,410.18. This trade represents a 4.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William Thomas Elsener purchased 800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, with a total value of $45,280.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 2,980 shares of company stock worth $165,988 over the last ninety days. Insiders own 6.10% of the company’s stock.

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.