Matador Resources (NYSE:MTDR) Releases Earnings Results

Matador Resources (NYSE:MTDR) announced its quarterly earnings data on Tuesday. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32, Briefing.com reports. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The company had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same period in the prior year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year.

Matador Resources Price Performance

Shares of MTDR traded down $0.43 during trading hours on Friday, reaching $65.15. The company had a trading volume of 172,421 shares, compared to its average volume of 1,389,862. The firm has a 50 day simple moving average of $65.25 and a 200-day simple moving average of $60.16. The company has a current ratio of 0.89, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 8.99 and a beta of 3.32. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Matador Resources’s payout ratio is currently 10.96%.

Wall Street Analyst Weigh In

MTDR has been the subject of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. Wells Fargo & Company upped their target price on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. upped their target price on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Benchmark lowered their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Mizuho increased their price target on shares of Matador Resources from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.10.

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.