Zacks Research Has Positive Estimate for MTDR Q3 Earnings

Matador Resources Company (NYSE:MTDR) – Analysts at Zacks Research raised their Q3 2027 earnings per share (EPS) estimates for shares of Matador Resources in a research note issued on Wednesday, May 20th. Zacks Research analyst Team now expects that the energy company will post earnings per share of $1.83 for the quarter, up from their previous forecast of $1.78. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Matador Resources’ current full-year earnings is $7.42 per share. Zacks Research also issued estimates for Matador Resources’ FY2027 earnings at $7.96 EPS and Q1 2028 earnings at $1.82 EPS.

Several other equities research analysts also recently weighed in on MTDR. Roth Mkm reiterated a “neutral” rating and issued a $65.00 price target (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th. KeyCorp increased their target price on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Citigroup raised their price objective on Matador Resources from $62.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Wells Fargo & Company raised their price objective on Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Finally, BMO Capital Markets lifted their price target on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $63.46.

Matador Resources Trading Down 3.5%

Shares of NYSE MTDR opened at $59.57 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The business’s 50 day moving average price is $59.63 and its 200-day moving average price is $49.70. Matador Resources has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 15.31 and a beta of 0.81.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same period last year, the company earned $1.99 EPS. The company’s revenue for the quarter was down 33.8% on a year-over-year basis.

Hedge Funds Weigh In On Matador Resources

Several institutional investors and hedge funds have recently modified their holdings of MTDR. Harbor Capital Advisors Inc. increased its stake in Matador Resources by 184.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock worth $1,309,000 after buying an additional 20,011 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Matador Resources by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock valued at $46,395,000 after acquiring an additional 37,889 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Matador Resources in the third quarter valued at approximately $61,615,000. Neo Ivy Capital Management acquired a new position in Matador Resources in the third quarter valued at approximately $871,000. Finally, LSV Asset Management lifted its stake in Matador Resources by 5.9% during the third quarter. LSV Asset Management now owns 3,532,303 shares of the energy company’s stock worth $158,706,000 after purchasing an additional 197,528 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s payout ratio is 38.56%.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non?operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.