Matador Resources (NYSE:MTDR) Posts Earnings Results, Beats Estimates By $0.32 EPS

Matador Resources (NYSE:MTDR) issued its quarterly earnings results on Tuesday. The energy company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32, Briefing.com reports. The company had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS.

Matador Resources Price Performance

Shares of MTDR traded down $0.25 during midday trading on Wednesday, hitting $64.89. 1,604,124 shares of the company traded hands, compared to its average volume of 1,387,423. The stock has a 50-day moving average of $65.07 and a 200-day moving average of $60.12. Matador Resources has a one year low of $42.04 and a one year high of $71.08. The firm has a market cap of $7.76 billion, a P/E ratio of 9.45 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, May 16th. Matador Resources’s dividend payout ratio is presently 11.35%.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research analyst reports. Raymond James cut their price target on shares of Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Tuesday, March 5th. Benchmark dropped their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Mizuho upped their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $74.10.

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.