Capital One Financial Comments on Matador Resources’ Q2 2024 Earnings (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Investment analysts at Capital One Financial reduced their Q2 2024 earnings per share estimates for Matador Resources in a report released on Wednesday, April 24th. Capital One Financial analyst P. Johnston now expects that the energy company will earn $1.82 per share for the quarter, down from their previous estimate of $1.87. The consensus estimate for Matador Resources’ current full-year earnings is $7.30 per share.

Several other equities research analysts have also commented on MTDR. Benchmark cut their target price on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Company upped their target price on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. Raymond James cut their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. Finally, StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Matador Resources Stock Up 0.0 %

Shares of Matador Resources stock opened at $65.60 on Friday. Matador Resources has a one year low of $42.04 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.98. The stock’s 50-day moving average is $65.38 and its 200 day moving average is $60.20. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 8.99 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. During the same quarter in the prior year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a yield of 1.22%. Matador Resources’s payout ratio is currently 10.96%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Matador Resources in the first quarter valued at approximately $34,000. Oakworth Capital Inc. bought a new position in shares of Matador Resources in the fourth quarter valued at approximately $31,000. Lindbrook Capital LLC increased its position in shares of Matador Resources by 84.3% during the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after acquiring an additional 273 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Matador Resources during the fourth quarter valued at approximately $34,000. Institutional investors own 91.98% of the company’s stock.

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.