Matador Resources (NYSE:MTDR) Announces Earnings Results

Matador Resources (NYSE:MTDR) released its quarterly earnings results on Tuesday. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates 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

NYSE:MTDR traded up $0.64 during trading hours on Tuesday, hitting $57.83. The company’s stock had a trading volume of 1,202,747 shares, compared to its average volume of 1,020,435. The stock has a fifty day simple moving average of $58.27 and a 200-day simple moving average of $55.78. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company has a market capitalization of $7.22 billion, a P/E ratio of 7.66 and a beta of 3.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William Thomas Elsener acquired 800 shares of Matador Resources stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares of the company’s stock, valued at $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,980 shares of company stock valued at $165,988. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. JPMorgan Chase & Co. dropped their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley assumed coverage on Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target on the stock. Mizuho dropped their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, TD Cowen increased their price target on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average target price of $75.14.

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.