Q4 EPS Estimates for Matador Resources Boosted by KeyCorp

Matador Resources Company (NYSE:MTDR) – Stock analysts at KeyCorp raised their Q4 2027 earnings per share (EPS) estimates for Matador Resources in a research report issued to clients and investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the energy company will post earnings per share of $2.47 for the quarter, up from their previous forecast of $2.26. KeyCorp currently has a “Overweight” rating and a $73.00 target price on the stock. The consensus estimate for Matador Resources’ current full-year earnings is $8.53 per share.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The firm had revenue of $847.99 million for the quarter, compared to analyst estimates of $811.13 million. During the same quarter in the prior year, the firm earned $1.83 earnings per share. Matador Resources’s revenue for the quarter was down 15.7% on a year-over-year basis.

Several other brokerages have also recently issued reports on MTDR. Citigroup raised their target price on shares of Matador Resources from $62.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho increased their price target on Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company lifted their price objective on Matador Resources from $47.00 to $54.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Morgan Stanley decreased their price objective on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Finally, Truist Financial began coverage on Matador Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $60.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.86.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $62.82 on Friday. The company has a 50 day simple moving average of $52.66 and a two-hundred day simple moving average of $46.15. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 10.30 and a beta of 0.91. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. Matador Resources has a 12 month low of $35.19 and a 12 month high of $66.84.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.50 dividend on an annualized basis and a yield of 2.4%. Matador Resources’s payout ratio is presently 24.59%.

Institutional Investors Weigh In On Matador Resources

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in shares of Matador Resources by 179.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,869 shares of the energy company’s stock valued at $122,000 after acquiring an additional 1,843 shares during the period. MidFirst Bank purchased a new position in Matador Resources during the fourth quarter worth approximately $214,000. Invesco Ltd. grew its holdings in Matador Resources by 45.9% in the fourth quarter. Invesco Ltd. now owns 594,849 shares of the energy company’s stock valued at $25,245,000 after purchasing an additional 187,178 shares during the period. XTX Topco Ltd purchased a new stake in shares of Matador Resources in the fourth quarter valued at approximately $340,000. Finally, Virtus Investment Advisers LLC acquired a new position in Matador Resources during the fourth quarter worth $165,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.