Zacks Research Analysts Decrease Earnings Estimates for MTDR

Matador Resources (NYSE:MTDR) – Investment analysts at Zacks Research lowered their FY2024 earnings estimates for shares of Matador Resources in a research report issued on Monday, January 13th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings per share of $7.29 for the year, down from their previous estimate of $7.31. The consensus estimate for Matador Resources’ current full-year earnings is $7.49 per share. Zacks Research also issued estimates for Matador Resources’ Q4 2024 earnings at $1.64 EPS, Q3 2025 earnings at $1.67 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.94 EPS and FY2026 earnings at $7.11 EPS.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same quarter in the prior year, the company earned $1.86 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year.

Other equities analysts also recently issued reports about the stock. KeyCorp decreased their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Stephens boosted their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, TD Cowen increased their target price on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.14.

Matador Resources Stock Up 1.2 %

MTDR opened at $62.71 on Wednesday. The stock’s fifty day simple moving average is $57.34 and its 200 day simple moving average is $56.01. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The stock has a market cap of $7.82 billion, a PE ratio of 8.31 and a beta of 3.24. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Institutional Trading of Matador Resources

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its holdings in shares of Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after acquiring an additional 107,827 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Matador Resources by 16.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock worth $22,519,000 after purchasing an additional 65,487 shares in the last quarter. Stifel Financial Corp lifted its stake in Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock valued at $1,498,000 after purchasing an additional 13,583 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in Matador Resources in the 3rd quarter valued at approximately $10,526,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in Matador Resources by 194.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 16,534 shares of the energy company’s stock valued at $817,000 after buying an additional 10,910 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Glenn W. Stetson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, with a total value of $51,330.00. Following the completion of the purchase, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William Thomas Elsener bought 800 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 4,285 shares of company stock worth $232,849. Company insiders own 6.10% of the company’s stock.

About Matador Resources

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.