Analysts forecast that Matador Resources Co (NYSE:MTDR) will announce earnings per share (EPS) of $0.42 for the current quarter, according to Zacks. Nine analysts have issued estimates for Matador Resources’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.64. Matador Resources reported earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 68%. The business is expected to announce its next quarterly earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Matador Resources will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.89. For the next financial year, analysts expect that the company will report earnings of $1.53 per share, with EPS estimates ranging from $0.20 to $3.11. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Matador Resources.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. The firm had revenue of $207.18 million during the quarter, compared to analyst estimates of $208.75 million. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The company’s revenue was up 64.1% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Matador Resources from a “hold” rating to a “strong sell” rating in a report on Friday. Capital One Financial cut Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. ValuEngine cut Matador Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, December 15th. Wells Fargo & Co cut Matador Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 11th. Finally, JPMorgan Chase & Co. cut Matador Resources from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $21.00 in a report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Matador Resources currently has a consensus rating of “Hold” and an average price target of $35.76.

MTDR stock traded down $0.44 during midday trading on Friday, reaching $19.34. The stock had a trading volume of 2,266,138 shares, compared to its average volume of 2,762,850. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 0.53 and a beta of 1.79. Matador Resources has a twelve month low of $13.97 and a twelve month high of $35.22.

In other Matador Resources news, EVP Van H. Singleton II acquired 2,005 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of $22.26 per share, for a total transaction of $44,631.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Reynald Baribault acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were acquired at an average price of $21.75 per share, for a total transaction of $32,625.00. Following the acquisition, the director now directly owns 26,659 shares in the company, valued at $579,833.25. The disclosure for this purchase can be found here. Insiders have bought a total of 33,005 shares of company stock worth $758,302 in the last quarter. 11.10% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new stake in Matador Resources in the 3rd quarter valued at approximately $116,000. Northstar Investment Advisors LLC bought a new stake in Matador Resources in the 3rd quarter valued at approximately $205,000. Wesbanco Bank Inc. bought a new stake in Matador Resources in the 3rd quarter valued at approximately $208,000. Capital Fund Management S.A. bought a new stake in Matador Resources in the 2nd quarter valued at approximately $207,000. Finally, BB&T Corp bought a new stake in Matador Resources in the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

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 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.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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