Q3 2019 EPS Estimates for Matador Resources Co Lowered by Capital One Financial (NYSE:MTDR)

Matador Resources Co (NYSE:MTDR) – Research analysts at Capital One Financial dropped their Q3 2019 earnings per share (EPS) estimates for shares of Matador Resources in a research note issued to investors on Tuesday, June 25th, according to Zacks Investment Research. Capital One Financial analyst R. Tullis now expects that the energy company will post earnings of $0.29 per share for the quarter, down from their prior forecast of $0.32. Capital One Financial also issued estimates for Matador Resources’ FY2019 earnings at $1.11 EPS.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $173.89 million for the quarter, compared to analyst estimates of $198.76 million. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. Matador Resources’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 EPS.

MTDR has been the topic of several other reports. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, May 28th. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the company a “hold” rating in a research note on Thursday, July 11th. Imperial Capital reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $31.00) on shares of Matador Resources in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.73.

NYSE MTDR traded up $0.10 during trading hours on Wednesday, hitting $17.62. 2,504,291 shares of the company traded hands, compared to its average volume of 2,360,584. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78. Matador Resources has a twelve month low of $13.97 and a twelve month high of $34.90. The stock has a market cap of $2.01 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.98. The stock has a 50-day simple moving average of $18.10.

In related news, Director Kenneth L. Stewart bought 5,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $17.76 per share, with a total value of $88,800.00. Following the transaction, the director now owns 37,532 shares in the company, valued at approximately $666,568.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Matthew V. Hairford purchased 2,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $16.78 per share, for a total transaction of $33,560.00. The disclosure for this purchase can be found here. Insiders have bought 13,000 shares of company stock valued at $222,160 over the last quarter. Company insiders own 6.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of MTDR. Massachusetts Financial Services Co. MA bought a new stake in shares of Matador Resources in the 4th quarter worth about $10,866,000. BlackRock Inc. lifted its position in shares of Matador Resources by 5.2% in the 4th quarter. BlackRock Inc. now owns 12,834,279 shares of the energy company’s stock worth $199,317,000 after purchasing an additional 633,565 shares during the period. Victory Capital Management Inc. lifted its position in Matador Resources by 99.1% during the first quarter. Victory Capital Management Inc. now owns 1,105,975 shares of the energy company’s stock valued at $21,378,000 after acquiring an additional 550,525 shares during the last quarter. Norges Bank purchased a new stake in Matador Resources during the fourth quarter valued at approximately $5,874,000. Finally, Deutsche Bank AG lifted its position in Matador Resources by 104.2% during the fourth quarter. Deutsche Bank AG now owns 734,345 shares of the energy company’s stock valued at $11,403,000 after acquiring an additional 374,770 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

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 in 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.

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