Q1 2024 Earnings Estimate for Matador Resources Issued By Capital One Financial (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Capital One Financial dropped their Q1 2024 EPS estimates for shares of Matador Resources in a report released on Thursday, April 11th. Capital One Financial analyst P. Johnston now forecasts that the energy company will earn $1.55 per share for the quarter, down from their previous forecast of $1.57. The consensus estimate for Matador Resources’ current full-year earnings is $6.87 per share. Capital One Financial also issued estimates for Matador Resources’ Q2 2024 earnings at $1.87 EPS, Q3 2024 earnings at $1.97 EPS, Q4 2024 earnings at $2.03 EPS, FY2024 earnings at $7.42 EPS and FY2025 earnings at $8.79 EPS.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. During the same period in the previous year, the business posted $2.08 EPS. The firm’s revenue was up 18.2% on a year-over-year basis.

MTDR has been the subject of several other research reports. Mizuho raised their price objective on shares of Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. KeyCorp reduced their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. Wells Fargo & Company raised their target price on shares of Matador Resources from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Benchmark reduced their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $72.50.

Matador Resources Stock Down 1.4 %

Shares of NYSE MTDR opened at $67.60 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market cap of $8.08 billion, a P/E ratio of 9.59 and a beta of 3.32. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The firm has a 50-day simple moving average of $63.85 and a two-hundred day simple moving average of $59.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. Parkside Financial Bank & Trust increased its holdings in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth about $31,000. Financial Management Professionals Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth about $34,000. Rise Advisors LLC purchased a new stake in shares of Matador Resources during the first quarter worth about $34,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Matador Resources’s payout ratio is 11.35%.

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.