Wall Street analysts expect Matador Resources Co (NYSE:MTDR) to announce earnings per share (EPS) of $0.21 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Matador Resources’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.53. Matador Resources posted earnings of $0.36 per share during the same quarter last year, which would suggest a negative year over year growth rate of 41.7%. The firm is expected to report its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Matador Resources will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $1.89. For the next fiscal year, analysts expect that the business will report earnings of $2.04 per share, with EPS estimates ranging from $0.97 to $2.63. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Matador Resources.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, February 26th. The energy company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10. Matador Resources had a net margin of 30.48% and a return on equity of 11.24%. The firm had revenue of $202.10 million for the quarter, compared to analyst estimates of $202.83 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Matador Resources’s quarterly revenue was up 20.0% on a year-over-year basis.

MTDR has been the subject of a number of recent analyst reports. Raymond James set a $24.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Northland Securities restated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a report on Tuesday, February 26th. SunTrust Banks upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and raised their price target for the company from $23.00 to $29.00 in a report on Tuesday, February 19th. Capital One Financial downgraded shares of Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Finally, Zacks Investment Research upgraded shares of Matador Resources from a “strong sell” rating to a “hold” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Matador Resources currently has a consensus rating of “Hold” and an average price target of $33.13.

Hedge funds and other institutional investors have recently modified their holdings of the stock. ETRADE Capital Management LLC boosted its holdings in shares of Matador Resources by 2.3% in the fourth quarter. ETRADE Capital Management LLC now owns 27,525 shares of the energy company’s stock valued at $427,000 after buying an additional 617 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Matador Resources by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock valued at $687,000 after buying an additional 652 shares during the period. Arizona State Retirement System boosted its holdings in Matador Resources by 1.1% during the fourth quarter. Arizona State Retirement System now owns 74,313 shares of the energy company’s stock worth $1,154,000 after purchasing an additional 777 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Matador Resources by 64.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Matador Resources by 5.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 26,306 shares of the energy company’s stock worth $409,000 after purchasing an additional 1,343 shares during the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.

Shares of NYSE:MTDR opened at $21.05 on Friday. The company has a market cap of $2.42 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.87. Matador Resources has a 1-year low of $13.97 and a 1-year high of $35.22. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

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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