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

Matador Resources (NYSE:MTDR) announced 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 Trading Up 1.1 %

Matador Resources stock opened at $57.83 on Wednesday. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The stock has a 50-day moving average price of $58.27 and a 200 day moving average price of $55.78. The stock has a market cap of $7.22 billion, a PE ratio of 7.66 and a beta of 3.22. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Stephens upped their price target on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley started coverage on shares of Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective for the company. Finally, Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Insiders Place Their Bets

In other news, EVP William Thomas Elsener bought 800 shares of Matador Resources stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $56.60 per share, for a total transaction 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 $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,980 shares of company stock valued at $165,988. Company insiders own 6.10% of the company’s stock.

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.