Analysts expect Matador Resources Co (NYSE:MTDR) to post $216.53 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Matador Resources’ earnings, with the highest sales estimate coming in at $239.56 million and the lowest estimate coming in at $187.70 million. Matador Resources reported sales of $211.37 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is expected to announce its next earnings results on Wednesday, August 7th.

On average, analysts expect that Matador Resources will report full year sales of $919.05 million for the current fiscal year, with estimates ranging from $829.40 million to $1.03 billion. For the next year, analysts anticipate that the company will report sales of $1.22 billion, with estimates ranging from $1.08 billion to $1.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Matador Resources.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $173.89 million for the quarter, compared to analyst estimates of $198.76 million. Matador Resources had a net margin of 22.37% and a return on equity of 9.57%. Matador Resources’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share.

A number of research firms recently weighed in on MTDR. Wells Fargo & Co restated a “hold” rating on shares of Matador Resources in a research report on Wednesday, March 13th. Zacks Investment Research downgraded shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Raymond James set a $24.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Imperial Capital reaffirmed an “outperform” rating and set a $33.00 target price (up from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. Finally, SunTrust Banks raised shares of Matador Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $29.00 in a research note on Tuesday, February 19th. 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.13.

MTDR traded up $0.61 on Wednesday, reaching $20.62. 1,402,066 shares of the company’s stock were exchanged, compared to its average volume of 2,316,794. The firm has a market capitalization of $2.33 billion, a PE ratio of 12.73, a PEG ratio of 0.91 and a beta of 1.85. Matador Resources has a twelve month low of $13.97 and a twelve month high of $34.90. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78.

Several institutional investors have recently added to or reduced their stakes in the company. Man Group plc purchased a new stake in shares of Matador Resources in the 1st quarter valued at approximately $8,266,000. Goldman Sachs Group Inc. raised its stake in shares of Matador Resources by 26.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,209,967 shares of the energy company’s stock valued at $42,719,000 after acquiring an additional 460,129 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of Matador Resources in the 1st quarter valued at approximately $43,000. Marshall Wace LLP purchased a new stake in shares of Matador Resources in the 1st quarter valued at approximately $74,000. Finally, Cerity Partners LLC raised its stake in shares of Matador Resources by 9.6% in the 1st quarter. Cerity Partners LLC now owns 11,591 shares of the energy company’s stock valued at $224,000 after acquiring an additional 1,012 shares during the period. 95.71% of the stock is currently owned by institutional investors and hedge funds.

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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