FY2024 EPS Forecast for Matador Resources Lifted by Analyst

Matador Resources (NYSE:MTDR) – Equities research analysts at Capital One Financial boosted their FY2024 earnings estimates for Matador Resources in a research note issued to investors on Wednesday, October 23rd. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $7.35 per share for the year, up from their prior forecast of $7.07. Capital One Financial currently has a “Overweight” rating and a $84.00 target price on the stock. The consensus estimate for Matador Resources’ current full-year earnings is $7.41 per share. Capital One Financial also issued estimates for Matador Resources’ Q2 2025 earnings at $1.65 EPS, FY2026 earnings at $7.66 EPS and FY2027 earnings at $8.72 EPS.

A number of other equities analysts also recently issued reports on the stock. Mizuho cut their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday. Wolfe Research began coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. TD Cowen upped their price target on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.31.

Matador Resources Trading Up 3.2 %

NYSE:MTDR opened at $52.38 on Friday. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a fifty day moving average price of $52.83 and a two-hundred day moving average price of $58.32. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 6.94 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.63% and a net margin of 27.45%. The business had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same period in the prior year, the business posted $1.86 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. Matador Resources’s payout ratio is 10.60%.

Insider Activity

In other news, EVP Bryan A. Erman bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the transaction, the executive vice president now owns 2,750 shares in the company, valued at $138,462.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Joseph Wm Foran acquired 2,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the acquisition, the chief executive officer now directly owns 37,751 shares in the company, valued at approximately $1,943,043.97. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bryan A. Erman bought 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $50.35 per share, with a total value of $50,350.00. Following the completion of the acquisition, the executive vice president now owns 2,750 shares of the company’s stock, valued at $138,462.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 12,300 shares of company stock valued at $634,615 over the last 90 days. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

A number of large investors have recently bought and sold shares of MTDR. Janney Montgomery Scott LLC purchased a new position in shares of Matador Resources in the 1st quarter worth $828,000. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Matador Resources by 28.6% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock worth $2,481,000 after purchasing an additional 8,254 shares during the period. Capstone Investment Advisors LLC lifted its stake in shares of Matador Resources by 1,029.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 76,032 shares of the energy company’s stock valued at $5,077,000 after purchasing an additional 69,298 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Matador Resources by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock worth $73,768,000 after purchasing an additional 53,322 shares during the period. Finally, Vanguard Group Inc. increased its position in Matador Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock worth $742,797,000 after purchasing an additional 103,713 shares in the last quarter. Hedge funds and other 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.