Matador Resources Company (MTDR) to Distribute Quarterly Dividend of $0.38 on September 8th

Matador Resources Company (NYSE:MTDR) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 10th will be given a dividend of 0.375 per share by the energy company on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th.

Matador Resources has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Matador Resources to earn $8.24 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 18.2%.

Matador Resources Stock Performance

Shares of MTDR opened at $48.98 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.65. The stock has a market capitalization of $6.08 billion, a P/E ratio of 8.40 and a beta of 0.76. The company’s fifty day moving average is $51.44 and its two-hundred day moving average is $53.63. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. Matador Resources’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. On average, sell-side analysts predict that Matador Resources will post 6.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, June 22nd. Mizuho raised Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. Stephens boosted their target price on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Truist Financial cut their target price on Matador Resources from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, UBS Group reduced their price target on Matador Resources from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.00.

About Matador Resources

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.