Matador Resources (NYSE:MTDR) issued its quarterly earnings results on Tuesday. The energy company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.14, MarketWatch Earnings reports. Matador Resources had a negative net margin of 15.93% and a positive return on equity of 5.30%. The business had revenue of $118.80 million for the quarter, compared to the consensus estimate of $171.79 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down 50.8% on a year-over-year basis.

MTDR stock traded down $0.36 during mid-day trading on Friday, reaching $8.57. 153,407 shares of the stock traded hands, compared to its average volume of 3,496,226. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.96 and a current ratio of 0.66. Matador Resources has a one year low of $1.11 and a one year high of $19.83. The stock has a market capitalization of $1.01 billion, a PE ratio of -6.31 and a beta of 4.74. The business has a 50-day moving average price of $8.86 and a two-hundred day moving average price of $8.61.

Several equities analysts have weighed in on the stock. Capital One Financial downgraded shares of Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 14th. Siebert Williams Shank reaffirmed a “hold” rating and set a $11.00 price target on shares of Matador Resources in a report on Friday, July 24th. ValuEngine raised shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. downgraded shares of Matador Resources from an “overweight” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Thursday, July 23rd. Finally, Raymond James raised shares of Matador Resources from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Monday, July 20th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.46.

In other news, COO Billy E. Goodwin acquired 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $7.98 per share, for a total transaction of $39,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.40% 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.

Further Reading: Understanding Average Daily Trade Volume

Earnings History for Matador Resources (NYSE:MTDR)

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