Matador Resources (NYSE:MTDR) – Stock analysts at SunTrust Banks upped their Q2 2018 earnings per share estimates for shares of Matador Resources in a note issued to investors on Monday, April 16th. SunTrust Banks analyst N. Dingmann now expects that the energy company will post earnings per share of $0.33 for the quarter, up from their prior estimate of $0.30. SunTrust Banks currently has a “Buy” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for Matador Resources’ Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.39 EPS and FY2019 earnings at $1.82 EPS.

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

A number of other equities research analysts have also commented on MTDR. Royal Bank of Canada set a $39.00 price target on Matador Resources and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Mizuho raised Matador Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Stifel Nicolaus set a $39.00 price target on Matador Resources and gave the company a “buy” rating in a research report on Wednesday, March 28th. Finally, Northland Securities set a $35.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Wednesday, March 7th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.81.

NYSE MTDR opened at $31.39 on Tuesday. The firm has a market capitalization of $3,429.32, a P/E ratio of 44.21, a P/E/G ratio of 0.90 and a beta of 1.20. Matador Resources has a 12 month low of $20.13 and a 12 month high of $33.96. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Matador Resources by 36.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock worth $187,000 after acquiring an additional 1,617 shares during the period. Strs Ohio grew its stake in shares of Matador Resources by 125.9% during the 4th quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock worth $189,000 after acquiring an additional 3,400 shares during the period. Creative Planning bought a new position in shares of Matador Resources during the 4th quarter worth $201,000. Driehaus Capital Management LLC bought a new position in shares of Matador Resources during the 4th quarter worth $202,000. Finally, Shelton Capital Management bought a new position in shares of Matador Resources during the 4th quarter worth $222,000. 87.86% of the stock is 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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