Matador Resources (NYSE:MTDR) Posts Earnings Results, Beats Expectations By $0.32 EPS

Matador Resources (NYSE:MTDR) posted its quarterly earnings data on Tuesday. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32, Briefing.com reports. The company had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share.

Matador Resources Stock Down 0.2 %

Shares of NYSE MTDR traded down $0.12 during trading hours on Wednesday, hitting $65.02. The stock had a trading volume of 1,527,950 shares, compared to its average volume of 1,386,631. The company has a market capitalization of $7.77 billion, a P/E ratio of 9.45 and a beta of 3.32. The firm’s 50-day moving average price is $65.07 and its two-hundred day moving average price is $60.12. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.20 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. Matador Resources’s payout ratio is 11.35%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Roth Mkm reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a report on Monday, March 25th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Truist Financial boosted their price target on shares of Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Mizuho lifted their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.10.

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 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.