Q4 2024 EPS Estimates for Matador Resources (NYSE:MTDR) Lowered by Zacks Research

Matador Resources (NYSE:MTDR) – Investment analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of Matador Resources in a research note issued on Tuesday, April 16th. Zacks Research analyst N. Banerjee now expects that the energy company will post earnings of $1.90 per share for the quarter, down from their prior forecast of $1.92. The consensus estimate for Matador Resources’ current full-year earnings is $6.87 per share. Zacks Research also issued estimates for Matador Resources’ Q1 2026 earnings at $1.58 EPS.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. KeyCorp lowered 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 note on Thursday, January 11th. Truist Financial lifted their target price on shares of Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 5th. StockNews.com upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, TD Cowen lifted their target price on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.50.

Matador Resources Trading Down 1.9 %

Shares of MTDR stock opened at $65.67 on Wednesday. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The firm has a fifty day moving average price of $64.34 and a 200-day moving average price of $59.83. 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 $7.85 billion, a price-to-earnings ratio of 9.31 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 earnings per share (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 for the quarter, compared to the consensus estimate of $842.96 million. During the same period in the previous year, the firm earned $2.08 EPS. The company’s revenue was up 18.2% on a year-over-year basis.

Institutional Trading of Matador Resources

Hedge funds have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. increased its holdings in shares of Matador Resources by 5.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock worth $221,000 after buying an additional 195 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Matador Resources by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock worth $824,000 after buying an additional 196 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Matador Resources by 2.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock worth $396,000 after buying an additional 197 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Matador Resources by 3.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock worth $414,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, February 22nd. Matador Resources’s payout ratio is currently 11.35%.

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.