Matador Resources (NYSE:MTDR) Posts Earnings Results

Matador Resources (NYSE:MTDR) announced its quarterly earnings data on Tuesday. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.29, Briefing.com reports. The company had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 EPS.

Matador Resources Stock Performance

Matador Resources stock traded down $0.25 during mid-day trading on Friday, hitting $61.44. 1,308,482 shares of the company’s stock traded hands, compared to its average volume of 1,534,123. Matador Resources has a one year low of $51.72 and a one year high of $71.08. The company has a market cap of $7.67 billion, a PE ratio of 8.42 and a beta of 3.29. The firm has a 50 day moving average price of $60.27 and a 200 day moving average price of $61.29. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, August 15th. Matador Resources’s dividend payout ratio is currently 10.96%.

Insider Transactions at Matador Resources

In related news, EVP Bryan A. Erman purchased 1,750 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the transaction, the executive vice president now owns 1,750 shares of the company’s stock, valued at $97,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday. Wells Fargo & Company boosted their target price on Matador Resources from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Capital One Financial upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $84.00 in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a research note on Thursday. Finally, Mizuho raised their target price on shares of Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

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.