Equities analysts forecast that Matador Resources Company (NYSE:MTDR) will post sales of $121.81 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Matador Resources’ earnings. The lowest sales estimate is $113.02 million and the highest is $129.00 million. Matador Resources posted sales of $88.73 million during the same quarter last year, which suggests a positive year-over-year growth rate of 37.3%. The company is expected to announce its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Matador Resources will report full year sales of $121.81 million for the current fiscal year, with estimates ranging from $472.00 million to $534.80 million. For the next fiscal year, analysts expect that the firm will post sales of $585.16 million per share, with estimates ranging from $486.40 million to $719.31 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Matador Resources.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The business had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. Matador Resources’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS.
Several research firms recently weighed in on MTDR. Zacks Investment Research raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Scotiabank set a $26.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub cut shares of Matador Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Northland Securities set a $33.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Mizuho reissued a “hold” rating and issued a $24.00 target price on shares of Matador Resources in a research note on Friday, September 29th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.67.
Shares of Matador Resources (NYSE MTDR) opened at 25.73 on Wednesday. The company has a market capitalization of $2.58 billion, a P/E ratio of 13.30 and a beta of 1.25. Matador Resources has a 12-month low of $20.13 and a 12-month high of $28.51. The company’s 50 day moving average is $24.91 and its 200 day moving average is $23.39.
In related news, Director David M. Posner acquired 4,115 shares of Matador Resources stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $24.10 per share, with a total value of $99,171.50. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $151,203.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 11.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dubuque Bank & Trust Co. boosted its position in shares of Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after acquiring an additional 275 shares during the period. Comerica Bank boosted its position in shares of Matador Resources by 5.3% in the first quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock valued at $202,000 after acquiring an additional 461 shares during the period. Amalgamated Bank boosted its position in shares of Matador Resources by 5.0% in the first quarter. Amalgamated Bank now owns 10,694 shares of the energy company’s stock valued at $254,000 after acquiring an additional 506 shares during the period. Parallel Advisors LLC boosted its position in shares of Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after acquiring an additional 682 shares during the period. Finally, First National Bank of Omaha boosted its position in shares of Matador Resources by 1.8% in the second quarter. First National Bank of Omaha now owns 43,946 shares of the energy company’s stock valued at $939,000 after acquiring an additional 760 shares during the period. 91.64% of the stock is owned by institutional investors.
Matador Resources Company Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Matador Resources Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Matador Resources Company and related companies.