What is Zacks Research’s Forecast for MTDR FY2024 Earnings?

Matador Resources (NYSE:MTDR) – Equities research analysts at Zacks Research decreased their FY2024 EPS estimates for Matador Resources in a research note issued on Monday, January 13th. Zacks Research analyst R. Department now expects that the energy company will post earnings per share of $7.29 for the year, down from their prior estimate of $7.31. The consensus estimate for Matador Resources’ current full-year earnings is $7.46 per share. Zacks Research also issued estimates for Matador Resources’ Q4 2024 earnings at $1.64 EPS, Q3 2025 earnings at $1.67 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.94 EPS and FY2026 earnings at $7.11 EPS.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same period last year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year.

A number of other research analysts have also weighed in on MTDR. Wells Fargo & Company raised their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday. Mizuho dropped their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, Truist Financial lifted their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Stock Down 0.5 %

MTDR opened at $63.29 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The company’s 50-day moving average is $57.79 and its 200 day moving average is $56.13. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The firm has a market capitalization of $7.90 billion, a P/E ratio of 8.38 and a beta of 3.24.

Hedge Funds Weigh In On Matador Resources

Hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its stake in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. True Wealth Design LLC purchased a new position in Matador Resources during the third quarter valued at approximately $37,000. Denver PWM LLC grew its stake in Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after acquiring an additional 303 shares in the last quarter. Avior Wealth Management LLC grew its stake in Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares in the last quarter. Finally, Quarry LP grew its stake in Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener bought 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average price of $51.33 per share, with a total value of $51,330.00. Following the purchase, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at approximately $4,411,043.55. This represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 4,285 shares of company stock worth $232,849 over the last quarter. Corporate insiders own 6.10% 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 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.