Matador Resources (NYSE:MTDR) Posts Earnings Results, Misses Expectations By $0.07 EPS

Matador Resources (NYSE:MTDR) issued its quarterly earnings results on Tuesday. The energy company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.07), FiscalAI reports. The firm had revenue of $847.99 million for the quarter, compared to analysts’ expectations of $811.13 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.

Matador Resources Trading Down 1.1%

NYSE:MTDR traded down $0.57 on Tuesday, reaching $50.59. The company’s stock had a trading volume of 3,305,315 shares, compared to its average volume of 1,842,304. Matador Resources has a 12-month low of $35.19 and a 12-month high of $54.09. The stock has a 50 day moving average price of $44.22 and a 200 day moving average price of $44.34. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 8.08 and a beta of 1.14. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a $0.375 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.50 dividend on an annualized basis and a yield of 3.0%. Matador Resources’s payout ratio is currently 23.96%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kestra Investment Management LLC boosted its stake in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Matador Resources during the 3rd quarter worth approximately $35,000. Gilpin Wealth Management LLC acquired a new stake in Matador Resources in the 4th quarter valued at approximately $42,000. Geneos Wealth Management Inc. raised its position in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after purchasing an additional 690 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in Matador Resources during the third quarter worth $49,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of Matador Resources from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $61.00 to $47.00 in a report on Tuesday, January 27th. Bank of America dropped their price objective on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Citigroup initiated coverage on shares of Matador Resources in a research note on Monday, December 8th. They issued a “buy” rating and a $53.00 target price on the stock. Morgan Stanley dropped their price target on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Finally, UBS Group lifted their price objective on Matador Resources from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.82.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.