Matador Resources (NYSE:MTDR – Get Rating) – Investment analysts at Capital One Financial lowered their Q1 2023 earnings per share estimates for shares of Matador Resources in a research report issued on Thursday, April 20th. Capital One Financial analyst P. Johnston now expects that the energy company will earn $1.20 per share for the quarter, down from their previous estimate of $1.27. The consensus estimate for Matador Resources’ current full-year earnings is $6.69 per share. Capital One Financial also issued estimates for Matador Resources’ Q3 2023 earnings at $1.92 EPS, Q4 2023 earnings at $2.00 EPS, FY2023 earnings at $6.93 EPS and FY2024 earnings at $8.11 EPS.
Matador Resources (NYSE:MTDR – Get Rating) last posted its earnings results on Wednesday, February 22nd. The energy company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.13. Matador Resources had a return on equity of 44.14% and a net margin of 39.71%. The firm had revenue of $707.48 million for the quarter, compared to analyst estimates of $651.11 million. During the same quarter in the prior year, the company earned $1.26 EPS.
Matador Resources Price Performance
MTDR opened at $49.13 on Monday. The stock’s 50-day moving average price is $52.13 and its 200 day moving average price is $58.86. Matador Resources has a 12-month low of $41.17 and a 12-month high of $73.78. The company has a current ratio of 1.86, a quick ratio of 1.83 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 4.85 and a beta of 3.53.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of Matador Resources by 104.5% during the 3rd quarter. Fifth Third Bancorp now owns 677 shares of the energy company’s stock valued at $33,000 after acquiring an additional 346 shares during the last quarter. Money Concepts Capital Corp increased its position in Matador Resources by 202.6% during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock worth $39,000 after buying an additional 462 shares during the last quarter. Versant Capital Management Inc bought a new stake in Matador Resources during the first quarter valued at about $35,000. Rockefeller Capital Management L.P. raised its position in Matador Resources by 46.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after purchasing an additional 242 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Matador Resources during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 87.00% of the company’s stock.
Insiders Place Their Bets
In other Matador Resources news, Director Timothy E. Parker purchased 4,500 shares of Matador Resources stock in a transaction dated Thursday, March 16th. The stock was acquired at an average cost of $43.52 per share, with a total value of $195,840.00. Following the acquisition, the director now directly owns 71,636 shares of the company’s stock, valued at $3,117,598.72. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Matador Resources news, insider Billy E. Goodwin purchased 1,000 shares of Matador Resources stock in a transaction dated Thursday, March 16th. The stock was acquired at an average cost of $44.52 per share, with a total value of $44,520.00. Following the acquisition, the insider now directly owns 286,624 shares of the company’s stock, valued at $12,760,500.48. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy E. Parker purchased 4,500 shares of Matador Resources stock in a transaction dated Thursday, March 16th. The stock was acquired at an average cost of $43.52 per share, with a total value of $195,840.00. Following the completion of the acquisition, the director now directly owns 71,636 shares in the company, valued at $3,117,598.72. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 10,300 shares of company stock valued at $465,035. 5.60% of the stock is owned by company insiders.
Matador Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. Matador Resources’s payout ratio is 5.92%.
Matador Resources Company Profile
Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.
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