Matador Resources (NYSE:MTDR) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Matador Resources (NYSE:MTDR) posted its earnings results on Tuesday. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05), Zacks reports. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%.

Matador Resources Price Performance

Shares of MTDR opened at $57.83 on Wednesday. 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 firm has a market cap of $7.22 billion, a PE ratio of 7.66 and a beta of 3.22. The firm’s 50 day moving average price is $58.27 and its 200 day moving average price is $55.78. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley started coverage on shares of Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. Mizuho decreased their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company increased their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Stephens increased their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Insiders Place Their Bets

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the acquisition, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the transaction, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 2,980 shares of company stock valued at $165,988 over the last ninety days. Corporate 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.