Brokerages predict that Matador Resources Company (NYSE:MTDR) will post sales of $121.52 million for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Matador Resources’ earnings. The highest sales estimate is $129.00 million and the lowest is $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 expected to report its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Matador Resources will report full year sales of $121.52 million for the current year, with estimates ranging from $472.00 million to $532.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $585.11 million per share, with estimates ranging from $486.40 million to $719.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Matador Resources.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. The business had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The firm’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share.

A number of research analysts have recently commented on MTDR shares. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Matador Resources in a research report on Thursday, July 20th. BidaskClub upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Northland Securities set a $33.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, July 17th. Imperial Capital started coverage on shares of Matador Resources in a research report on Tuesday, July 18th. They issued an “outperform” rating and a $32.00 target price for the company. Finally, Bank of America Corporation started coverage on shares of Matador Resources in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $26.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.63.

Shares of Matador Resources (MTDR) traded down 0.82% during midday trading on Friday, reaching $25.47. The company had a trading volume of 810,368 shares. The firm has a market capitalization of $2.56 billion, a P/E ratio of 13.16 and a beta of 1.23. Matador Resources has a one year low of $19.99 and a one year high of $28.51. The company has a 50 day moving average price of $23.63 and a 200-day moving average price of $23.00.

In other Matador Resources news, Director David M. Posner acquired 4,115 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were acquired at an average price of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the acquisition, the director now owns 6,274 shares in the company, valued at $151,203.40. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Matador Resources during the first quarter valued at approximately $1,070,000. Bank of America Corp DE boosted its holdings in Matador Resources by 110.0% in the first quarter. Bank of America Corp DE now owns 507,269 shares of the energy company’s stock worth $12,068,000 after purchasing an additional 265,715 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Matador Resources by 2.5% in the second quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock worth $774,000 after purchasing an additional 897 shares during the last quarter. State Street Corp boosted its holdings in Matador Resources by 3.2% in the first quarter. State Street Corp now owns 3,386,614 shares of the energy company’s stock worth $80,568,000 after purchasing an additional 106,117 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Matador Resources by 3.4% in the first quarter. UBS Group AG now owns 42,343 shares of the energy company’s stock worth $1,007,000 after purchasing an additional 1,384 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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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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