Matador Resources Co (NYSE:MTDR) – Equities researchers at SunTrust Banks issued their Q1 2019 earnings estimates for shares of Matador Resources in a research report issued on Wednesday, February 27th. SunTrust Banks analyst N. Dingmann expects that the energy company will post earnings per share of $0.24 for the quarter. SunTrust Banks currently has a “Buy” rating and a $29.00 target price on the stock. SunTrust Banks also issued estimates for Matador Resources’ Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.33 EPS and FY2021 earnings at $2.36 EPS.
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A number of other brokerages have also recently commented on MTDR. Zacks Investment Research raised shares of Matador Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. JPMorgan Chase & Co. cut shares of Matador Resources from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $27.00 to $21.00 in a research note on Friday, December 7th. Wells Fargo & Co cut shares of Matador Resources from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 11th. ValuEngine cut shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Finally, Capital One Financial cut shares of Matador Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.25.
MTDR opened at $18.60 on Friday. Matador Resources has a 12-month low of $13.97 and a 12-month high of $35.22. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 0.66 and a beta of 2.00.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The company had revenue of $202.10 million during the quarter, compared to analyst estimates of $202.83 million. During the same period last year, the firm posted $0.25 EPS. Matador Resources’s revenue for the quarter was up 20.0% compared to the same quarter last year.
In related news, EVP Van H. Singleton II purchased 2,005 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $22.26 per share, with a total value of $44,631.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Reynald Baribault purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average cost of $17.47 per share, for a total transaction of $26,205.00. Following the purchase, the director now directly owns 26,659 shares in the company, valued at approximately $465,732.73. The disclosure for this purchase can be found here. Insiders purchased a total of 6,205 shares of company stock worth $126,891 in the last three months. 11.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lake Point Wealth Management purchased a new position in shares of Matador Resources during the 4th quarter worth $153,000. Amalgamated Bank raised its holdings in shares of Matador Resources by 112.8% during the 4th quarter. Amalgamated Bank now owns 16,348 shares of the energy company’s stock worth $254,000 after acquiring an additional 8,667 shares during the period. Hancock Whitney Corp raised its holdings in shares of Matador Resources by 4.0% during the 4th quarter. Hancock Whitney Corp now owns 267,360 shares of the energy company’s stock worth $4,152,000 after acquiring an additional 10,257 shares during the period. Legal & General Group Plc raised its holdings in shares of Matador Resources by 3.0% during the 4th quarter. Legal & General Group Plc now owns 104,658 shares of the energy company’s stock worth $1,626,000 after acquiring an additional 3,031 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Matador Resources by 5.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 26,306 shares of the energy company’s stock worth $409,000 after acquiring an additional 1,343 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
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 in 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.
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