Zacks Research Equities Analysts Boost Earnings Estimates for Matador Resources (NYSE:MTDR)

Matador Resources (NYSE:MTDR) – Zacks Research boosted their Q2 2024 EPS estimates for Matador Resources in a report released on Tuesday, May 7th. Zacks Research analyst N. Banerjee now anticipates that the energy company will post earnings per share of $1.71 for the quarter, up from their prior forecast of $1.59. The consensus estimate for Matador Resources’ current full-year earnings is $7.57 per share. Zacks Research also issued estimates for Matador Resources’ Q3 2025 earnings at $2.13 EPS, FY2025 earnings at $7.91 EPS, Q1 2026 earnings at $1.55 EPS and FY2026 earnings at $7.05 EPS.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $740.99 million. During the same period last year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 40.6% on a year-over-year basis.

MTDR has been the topic of several other research reports. KeyCorp raised their target price on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. StockNews.com raised shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price target on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research report on Tuesday, March 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.30.

Matador Resources Price Performance

Shares of MTDR stock opened at $64.24 on Thursday. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 8.80 and a beta of 3.33. Matador Resources has a 12 month low of $42.15 and a 12 month high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $65.93 and a 200 day moving average price of $60.23.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. Matador Resources’s dividend payout ratio is presently 10.96%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTDR. Raymond James & Associates lifted its position in Matador Resources by 1.3% in the 3rd quarter. Raymond James & Associates now owns 144,591 shares of the energy company’s stock valued at $8,600,000 after acquiring an additional 1,837 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Matador Resources by 17.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,816 shares of the energy company’s stock worth $1,417,000 after buying an additional 3,530 shares during the period. Strs Ohio grew its holdings in shares of Matador Resources by 333.8% during the third quarter. Strs Ohio now owns 98,900 shares of the energy company’s stock worth $5,882,000 after buying an additional 76,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Matador Resources by 6.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,885 shares of the energy company’s stock valued at $3,205,000 after buying an additional 3,072 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Matador Resources in the 3rd quarter valued at approximately $485,000. Institutional investors own 91.98% 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 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.