Roth Capital Has Bullish Estimate for MTDR FY2025 Earnings

Matador Resources (NYSE:MTDR) – Equities researchers at Roth Capital upped their FY2025 earnings estimates for shares of Matador Resources in a research note issued to investors on Wednesday, February 19th. Roth Capital analyst L. Mariani now anticipates 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.

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

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price objective on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company raised 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. Morgan Stanley started coverage on shares of Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective on the stock. Finally, Stephens lifted their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Trading Down 1.8 %

Shares of Matador Resources stock opened at $52.42 on Monday. The company has a 50-day moving average of $58.05 and a two-hundred day moving average of $55.79. The stock has a market cap of $6.54 billion, a PE ratio of 7.34 and a beta of 3.22. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. American Trust increased its position in Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock worth $353,000 after purchasing an additional 650 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in Matador Resources in the fourth quarter worth approximately $1,988,000. Neo Ivy Capital Management acquired a new position in Matador Resources in the fourth quarter worth approximately $3,705,000. GTS Securities LLC raised its position in Matador Resources by 157.7% during the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after acquiring an additional 12,353 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Matador Resources in the fourth quarter valued at approximately $68,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the purchase, the chief executive officer now directly owns 42,251 shares in the company, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher P. Calvert purchased 1,300 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $55.17 per share, with a total value of $71,721.00. Following the transaction, the chief operating officer now directly owns 34,000 shares in the company, valued at $1,875,780. This trade represents a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 13,880 shares of company stock worth $753,949. 6.10% of the stock is owned by company insiders.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

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.