Matador Resources (NYSE:MTDR) Releases Earnings Results

Matador Resources (NYSE:MTDR) posted its earnings results on Tuesday. The energy company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29, Briefing.com reports. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The firm had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 32.8% on a year-over-year basis.

Matador Resources Stock Down 0.4 %

Shares of NYSE MTDR traded down $0.25 during trading on Friday, hitting $61.44. 1,614,331 shares of the company traded hands, compared to its average volume of 1,536,262. The business’s fifty day moving average is $60.27 and its 200 day moving average is $61.29. Matador Resources has a fifty-two week low of $51.72 and a fifty-two week high of $71.08. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 8.42 and a beta of 3.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.86.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. Matador Resources’s dividend payout ratio is currently 10.96%.

Insider Activity

In related news, EVP Bryan A. Erman acquired 1,750 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the acquisition, the executive vice president now owns 1,750 shares of the company’s stock, valued at $97,825. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the topic of several analyst reports. KeyCorp boosted their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. TD Cowen boosted their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $84.00 in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Truist Financial reduced their price objective on shares of Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

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.