Matador Resources (NYSE:MTDR – Get Free Report) issued its quarterly earnings data on Tuesday. The energy company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29, Briefing.com reports. Matador Resources had a return on equity of 21.93% and a net margin of 29.01%. The firm had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. During the same quarter last year, the business posted $1.42 earnings per share. The business’s quarterly revenue was up 32.8% compared to the same quarter last year.
Matador Resources Stock Performance
Matador Resources stock traded up $0.28 during mid-day trading on Thursday, reaching $61.96. 24,165 shares of the company traded hands, compared to its average volume of 1,521,459. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 8.45 and a beta of 3.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84. Matador Resources has a fifty-two week low of $51.72 and a fifty-two week high of $71.08. The firm’s fifty day moving average is $60.27 and its two-hundred day moving average is $61.29.
Matador Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on MTDR
Insider Activity at Matador Resources
In other news, EVP Bryan A. Erman acquired 1,750 shares of Matador Resources stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares in the company, valued at approximately $97,825. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by insiders.
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 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.
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