Wall Street brokerages forecast that Matador Resources Co (NYSE:MTDR) will report earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Matador Resources’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.41. Matador Resources reported earnings of $0.48 per share during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The firm is scheduled to issue its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Matador Resources will report full year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $0.74 to $1.61. For the next financial year, analysts expect that the business will report earnings of $1.62 per share, with EPS estimates ranging from $0.65 to $3.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Matador Resources.
Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.11. Matador Resources had a return on equity of 8.71% and a net margin of 19.10%. The company had revenue of $241.70 million for the quarter, compared to the consensus estimate of $210.42 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis.
In related news, Chairman Joseph Wm Foran bought 8,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $15.05 per share, with a total value of $120,400.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley M. Robinson bought 2,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $15.34 per share, with a total value of $30,680.00. The disclosure for this purchase can be found here. Insiders purchased a total of 28,734 shares of company stock worth $419,588 in the last quarter. Company insiders own 6.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in Matador Resources during the 2nd quarter worth $30,000. Marshall Wace LLP acquired a new position in Matador Resources during the 1st quarter worth $74,000. Denali Advisors LLC acquired a new position in Matador Resources during the 3rd quarter worth $91,000. LPL Financial LLC acquired a new position in Matador Resources during the 2nd quarter worth $235,000. Finally, MML Investors Services LLC grew its stake in Matador Resources by 8.3% during the 2nd quarter. MML Investors Services LLC now owns 11,969 shares of the energy company’s stock worth $238,000 after purchasing an additional 922 shares in the last quarter. 95.15% of the stock is owned by hedge funds and other institutional investors.
NYSE:MTDR opened at $13.57 on Friday. Matador Resources has a 52 week low of $13.33 and a 52 week high of $32.53. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.59 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.77 and a beta of 2.00. The stock’s fifty day moving average is $15.85 and its two-hundred day moving average is $17.65.
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 in 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.
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