Matador Resources (NYSE:MTDR) Issues Earnings Results

Matador Resources (NYSE:MTDR) released its quarterly earnings results on Tuesday. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32, Briefing.com reports. The firm had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS.

Matador Resources Trading Down 0.7 %

Matador Resources stock traded down $0.43 during mid-day trading on Friday, hitting $65.15. 172,421 shares of the stock were exchanged, compared to its average volume of 1,389,862. The firm’s fifty day simple moving average is $65.25 and its two-hundred day simple moving average is $60.16. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The company has a quick ratio of 0.98, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 8.99 and a beta of 3.32.

Matador Resources Announces Dividend

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 issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several research reports. StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Tuesday, March 5th. Wells Fargo & Company lifted their price target on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. 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 research report on Monday, January 8th. Finally, Mizuho raised their price objective on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $74.10.

Matador Resources Company Profile

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.