Matador Resources Co (NYSE:MTDR) – Stock analysts at SunTrust Banks raised their FY2020 earnings per share (EPS) estimates for Matador Resources in a research report issued to clients and investors on Thursday, June 25th. SunTrust Banks analyst N. Dingmann now expects that the energy company will post earnings per share of ($0.23) for the year, up from their previous forecast of ($0.24). SunTrust Banks currently has a “Hold” rating and a $7.00 target price on the stock. SunTrust Banks also issued estimates for Matador Resources’ Q4 2020 earnings at ($0.08) EPS, Q1 2021 earnings at ($0.08) EPS, Q2 2021 earnings at ($0.01) EPS, Q3 2021 earnings at $0.06 EPS and FY2021 earnings at $0.07 EPS.
MTDR has been the topic of a number of other reports. Royal Bank of Canada reissued a “buy” rating on shares of Matador Resources in a report on Thursday, June 4th. ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, May 1st. Stifel Nicolaus downgraded shares of Matador Resources from a “buy” rating to a “hold” rating and lowered their target price for the company from $24.00 to $6.00 in a research note on Monday, March 9th. Siebert Williams Shank reaffirmed a “hold” rating and issued a $4.00 target price on shares of Matador Resources in a research note on Thursday, April 30th. Finally, Northland Securities reaffirmed a “buy” rating on shares of Matador Resources in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.15.
Shares of Matador Resources stock opened at $8.50 on Monday. Matador Resources has a 12-month low of $1.11 and a 12-month high of $20.57. The company has a market cap of $972.11 million, a price-to-earnings ratio of 4.29 and a beta of 4.73. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $8.91 and its 200-day moving average price is $9.96.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, April 29th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Matador Resources had a net margin of 19.51% and a return on equity of 7.20%. The firm had revenue of $371.60 million for the quarter, compared to the consensus estimate of $228.02 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up 113.7% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can purchased a new position in Matador Resources during the fourth quarter worth approximately $960,000. Bank of Montreal Can grew its stake in Matador Resources by 22.5% during the 4th quarter. Bank of Montreal Can now owns 81,774 shares of the energy company’s stock worth $1,468,000 after purchasing an additional 15,006 shares in the last quarter. State Street Corp grew its stake in Matador Resources by 18.8% during the 1st quarter. State Street Corp now owns 7,687,770 shares of the energy company’s stock worth $19,066,000 after purchasing an additional 1,216,449 shares in the last quarter. Capital Impact Advisors LLC grew its stake in Matador Resources by 6.2% during the 4th quarter. Capital Impact Advisors LLC now owns 126,697 shares of the energy company’s stock worth $2,277,000 after purchasing an additional 7,441 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Matador Resources by 8.8% during the 4th quarter. Bank of America Corp DE now owns 657,388 shares of the energy company’s stock worth $11,814,000 after purchasing an additional 53,078 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.
In other news, COO Billy E. Goodwin purchased 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $7.98 per share, for a total transaction of $39,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 7.40% 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.
See Also: What is quantitative easing?
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.