Roth Capital Cuts Earnings Estimates for Matador Resources

Matador Resources (NYSE:MTDR) – Research analysts at Roth Capital cut their Q4 2024 earnings estimates for shares of Matador Resources in a note issued to investors on Wednesday, October 23rd. Roth Capital analyst L. Mariani now expects that the energy company will post earnings per share of $2.04 for the quarter, down from their prior estimate of $2.54. The consensus estimate for Matador Resources’ current full-year earnings is $7.42 per share. Roth Capital also issued estimates for Matador Resources’ Q1 2025 earnings at $2.00 EPS, Q2 2025 earnings at $1.80 EPS, Q3 2025 earnings at $2.02 EPS, Q4 2025 earnings at $2.35 EPS and FY2025 earnings at $8.17 EPS.

Several other brokerages also recently commented on MTDR. TD Cowen upped their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Truist Financial cut their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Mizuho decreased their price target on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. BMO Capital Markets upped their price objective on Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $75.31.

Matador Resources Trading Down 2.2 %

MTDR stock opened at $50.69 on Monday. The firm’s fifty day simple moving average is $52.61 and its two-hundred day simple moving average is $57.91. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 6.71 and a beta of 3.26. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same quarter in the previous year, the business earned $1.86 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis.

Institutional Investors Weigh In On Matador Resources

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Matador Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock worth $742,797,000 after purchasing an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after buying an additional 356,506 shares during the period. Clearbridge Investments LLC increased its holdings in Matador Resources by 10.5% in the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after buying an additional 214,334 shares during the last quarter. Wasatch Advisors LP increased its stake in Matador Resources by 7.3% in the first quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock valued at $78,575,000 after purchasing an additional 79,920 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Matador Resources by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock worth $73,768,000 after acquiring an additional 53,322 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matador Resources

In related news, CFO Brian J. Willey bought 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $50.50 per share, with a total value of $75,750.00. Following the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $75,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Brian J. Willey bought 1,500 shares of Matador Resources stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $75,750. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert T. Macalik purchased 500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $54.50 per share, with a total value of $27,250.00. Following the completion of the transaction, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at approximately $1,596,850. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 12,300 shares of company stock valued at $634,615. Company insiders own 6.10% of the company’s stock.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is currently 10.60%.

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 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.