Capital One Financial Predicts MTDR FY2024 Earnings

Matador Resources (NYSE:MTDR) – Equities researchers at Capital One Financial increased their FY2024 earnings per share estimates for shares of Matador Resources in a research report issued on Tuesday, January 21st. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $7.46 for the year, up from their prior estimate of $7.38. The consensus estimate for Matador Resources’ current full-year earnings is $7.43 per share. Capital One Financial also issued estimates for Matador Resources’ Q4 2024 earnings at $1.81 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.08 EPS, Q3 2025 earnings at $2.16 EPS, Q4 2025 earnings at $2.22 EPS, FY2025 earnings at $8.47 EPS and FY2026 earnings at $8.53 EPS.

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

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. TD Cowen increased their target price on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Morgan Stanley assumed coverage on Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Finally, Mizuho reduced their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Matador Resources Trading Up 0.5 %

Shares of MTDR stock opened at $63.03 on Wednesday. The firm has a fifty day moving average of $58.28 and a 200-day moving average of $56.21. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 8.35 and a beta of 3.24. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the transaction, the executive vice president now owns 85,935 shares in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Thomas Elsener bought 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 4,285 shares of company stock worth $232,849. Corporate insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in Matador Resources by 2.7% during the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after purchasing an additional 72,077 shares during the period. Clearbridge Investments LLC raised its stake in Matador Resources by 10.5% during the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock worth $134,102,000 after buying an additional 214,334 shares during the period. Geode Capital Management LLC raised its stake in Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after buying an additional 36,921 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Matador Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock worth $70,914,000 after acquiring an additional 57,254 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in Matador Resources by 4.3% in the third quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock valued at $63,633,000 after acquiring an additional 52,498 shares during the period. Institutional investors and hedge funds 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.