Matador Resources Company (MTDR) Expected to Announce Earnings of $0.10 Per Share
Wall Street brokerages predict that Matador Resources Company (NYSE:MTDR) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Matador Resources’ earnings, with estimates ranging from $0.05 to $0.18. Matador Resources reported earnings per share of $0.06 during the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Monday, November 6th.
According to Zacks, analysts expect that Matador Resources will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.75. For the next financial year, analysts forecast that the business will report earnings of $0.65 per share, with EPS estimates ranging from $0.15 to $1.11. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Matador Resources.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share.
Shares of Matador Resources (NYSE MTDR) traded up 3.23% during trading on Friday, hitting $25.53. 1,077,872 shares of the stock were exchanged. Matador Resources has a 52 week low of $20.13 and a 52 week high of $28.51. The firm’s 50 day moving average price is $25.66 and its 200-day moving average price is $23.59. The stock has a market cap of $2.56 billion, a P/E ratio of 13.19 and a beta of 1.26.
In other Matador Resources news, Director David M. Posner acquired 4,115 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $24.10 per share, with a total value of $99,171.50. Following the completion of the purchase, the director now owns 6,274 shares of the company’s stock, valued at $151,203.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of Matador Resources by 3,072.3% during the second quarter. Principal Financial Group Inc. now owns 398,282 shares of the energy company’s stock valued at $8,511,000 after purchasing an additional 385,727 shares in the last quarter. State Street Corp increased its holdings in Matador Resources by 40.5% during the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after buying an additional 1,370,196 shares during the last quarter. Bank of America Corp DE increased its holdings in Matador Resources by 110.0% during the first quarter. Bank of America Corp DE now owns 507,269 shares of the energy company’s stock worth $12,068,000 after buying an additional 265,715 shares during the last quarter. TD Asset Management Inc. increased its holdings in Matador Resources by 2.5% during the second quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock worth $774,000 after buying an additional 897 shares during the last quarter. Finally, UBS Group AG increased its holdings in Matador Resources by 3.4% during the first quarter. UBS Group AG now owns 42,343 shares of the energy company’s stock worth $1,007,000 after buying an additional 1,384 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.
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About Matador Resources
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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