$121.52 Million in Sales Expected for Matador Resources Company (MTDR) This Quarter
Analysts predict that Matador Resources Company (NYSE:MTDR) will announce sales of $121.52 million for the current quarter, Zacks reports. Eight analysts have provided estimates for Matador Resources’ earnings, with the highest sales estimate coming in at $129.00 million and the lowest estimate coming in at $113.02 million. Matador Resources reported sales of $88.73 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 37%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Matador Resources will report full-year sales of $121.52 million for the current financial year, with estimates ranging from $472.00 million to $532.40 million. For the next year, analysts expect that the company will post sales of $585.11 million per share, with estimates ranging from $486.40 million to $719.31 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Matador Resources.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $112.21 million. During the same period in the prior year, the business posted ($0.01) EPS. The business’s revenue for the quarter was up 65.1% compared to the same quarter last year.
Several research firms have issued reports on MTDR. ValuEngine downgraded shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Scotiabank set a $26.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets set a $26.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Saturday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Matador Resources in a report on Thursday, July 20th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Matador Resources currently has a consensus rating of “Buy” and a consensus target price of $28.80.
In other news, Director David M. Posner purchased 4,115 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the transaction, the director now owns 6,274 shares of the company’s stock, valued at $151,203.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julia P. Forrester purchased 1,255 shares of the stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average price of $23.96 per share, with a total value of $30,069.80. Following the transaction, the director now directly owns 3,399 shares of the company’s stock, valued at approximately $81,440.04. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. HL Financial Services LLC raised its position in shares of Matador Resources by 0.5% in the first quarter. HL Financial Services LLC now owns 17,767 shares of the energy company’s stock worth $423,000 after buying an additional 87 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after buying an additional 275 shares in the last quarter. Comerica Bank raised its position in shares of Matador Resources by 5.3% in the first quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock worth $202,000 after buying an additional 461 shares in the last quarter. Amalgamated Bank raised its position in shares of Matador Resources by 5.0% in the first quarter. Amalgamated Bank now owns 10,694 shares of the energy company’s stock worth $254,000 after buying an additional 506 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its position in shares of Matador Resources by 2.7% in the first quarter. ZWJ Investment Counsel Inc. now owns 21,667 shares of the energy company’s stock worth $515,000 after buying an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Shares of Matador Resources (MTDR) opened at 23.73 on Wednesday. Matador Resources has a 12-month low of $19.99 and a 12-month high of $28.51. The firm’s 50-day moving average is $22.90 and its 200-day moving average is $23.44. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 12.26 and a beta of 1.20.
Matador Resources Company Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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