Matador Resources (NYSE:MTDR) Plans $0.20 Quarterly Dividend

Matador Resources (NYSE:MTDRGet Free Report) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.20 per share by the energy company on Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 16th.

Matador Resources has a payout ratio of 9.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Matador Resources to earn $8.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.6%.

Matador Resources Stock Performance

NYSE:MTDR opened at $63.48 on Wednesday. Matador Resources has a 1-year low of $42.52 and a 1-year high of $71.08. The stock has a market cap of $7.92 billion, a P/E ratio of 8.70 and a beta of 3.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84. The firm has a 50-day moving average of $65.97 and a two-hundred day moving average of $60.28.

Matador Resources (NYSE:MTDRGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32. The firm had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. On average, research analysts expect that Matador Resources will post 7.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. KeyCorp boosted their price target on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Truist Financial lifted their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. Finally, Mizuho lifted their price target on Matador Resources from $78.00 to $83.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.80.

Read Our Latest Stock Report on MTDR

About Matador Resources

(Get Free Report)

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.

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Dividend History for Matador Resources (NYSE:MTDR)

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