Matador Resources (NYSE:MTDR) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Matador Resources (NYSE:MTDR) posted its quarterly earnings data on Tuesday. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05), Zacks reports. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%.

Matador Resources Stock Up 1.1 %

Shares of Matador Resources stock traded up $0.64 during trading on Tuesday, hitting $57.83. 1,202,747 shares of the stock traded hands, compared to its average volume of 1,020,435. The company has a fifty day moving average price of $58.27 and a two-hundred day moving average price of $55.78. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The stock has a market cap of $7.22 billion, a P/E ratio of 7.66 and a beta of 3.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran purchased 2,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Thomas Elsener purchased 800 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $56.60 per share, with a total value of $45,280.00. Following the completion of the acquisition, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 2,980 shares of company stock valued at $165,988 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of research reports. Stephens boosted their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company increased their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Morgan Stanley began coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target for the company. Finally, Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

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.