Matador Resources to Post Q1 2018 Earnings of $0.31 Per Share, Imperial Capital Forecasts (MTDR)

Matador Resources (NYSE:MTDR) – Equities research analysts at Imperial Capital boosted their Q1 2018 earnings per share (EPS) estimates for shares of Matador Resources in a note issued to investors on Tuesday, April 24th. Imperial Capital analyst I. Haas now expects that the energy company will earn $0.31 per share for the quarter, up from their previous forecast of $0.27. Imperial Capital has a “Outperform” rating and a $42.00 price objective on the stock. Imperial Capital also issued estimates for Matador Resources’ FY2018 earnings at $1.38 EPS.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. The company had revenue of $168.40 million during the quarter, compared to analyst estimates of $148.89 million. During the same quarter in the previous year, the firm posted $0.08 EPS.

MTDR has been the topic of a number of other research reports. ValuEngine raised Matador Resources from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus set a $36.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Monday, January 29th. Royal Bank of Canada set a $36.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Monday, March 12th. They noted that the move was a valuation call. Mizuho raised Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Northland Securities set a $35.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $33.69.

Shares of MTDR stock opened at $33.72 on Thursday. Matador Resources has a 1 year low of $20.13 and a 1 year high of $34.23. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3,637.98, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21.

A number of large investors have recently bought and sold shares of the stock. Sei Investments Co. grew its stake in Matador Resources by 4.4% in the fourth quarter. Sei Investments Co. now owns 142,446 shares of the energy company’s stock valued at $4,434,000 after purchasing an additional 5,948 shares in the last quarter. New York State Common Retirement Fund grew its stake in Matador Resources by 22.5% in the third quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock valued at $3,445,000 after purchasing an additional 23,274 shares in the last quarter. Arizona State Retirement System grew its stake in Matador Resources by 37.5% in the fourth quarter. Arizona State Retirement System now owns 69,470 shares of the energy company’s stock valued at $2,163,000 after purchasing an additional 18,943 shares in the last quarter. Legal & General Group Plc grew its stake in Matador Resources by 8.5% in the third quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock valued at $2,074,000 after purchasing an additional 5,975 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Matador Resources in the third quarter valued at about $264,000. 87.74% of the stock is currently owned by hedge funds and other institutional investors.

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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 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.

Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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