Matador Resources Co (NYSE:MTDR) – Stock analysts at Capital One Financial upped their Q3 2018 EPS estimates for shares of Matador Resources in a research note issued on Thursday, September 13th. Capital One Financial analyst R. Tullis now expects that the energy company will earn $0.34 per share for the quarter, up from their previous forecast of $0.28. Capital One Financial also issued estimates for Matador Resources’ FY2018 earnings at $1.41 EPS.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The business had revenue of $211.37 million during the quarter, compared to analyst estimates of $185.07 million. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The business’s revenue was up 63.1% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS.

MTDR has been the subject of several other reports. TheStreet raised shares of Matador Resources from a “c+” rating to a “b” rating in a report on Tuesday, July 17th. KLR Group reissued a “buy” rating and set a $38.00 price objective on shares of Matador Resources in a report on Monday, August 20th. Johnson Rice lowered shares of Matador Resources from a “buy” rating to an “accumulate” rating and set a $38.00 price objective for the company. in a report on Wednesday, August 15th. Imperial Capital set a $43.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Thursday, May 24th. Finally, Raymond James reissued a “buy” rating and set a $43.00 price objective on shares of Matador Resources in a report on Sunday, August 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $37.43.

MTDR opened at $30.88 on Monday. The firm has a market cap of $3.89 billion, a P/E ratio of 43.13, a PEG ratio of 0.89 and a beta of 1.51. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.34. Matador Resources has a twelve month low of $24.04 and a twelve month high of $35.22.

Hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA lifted its position in shares of Matador Resources by 180,414.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,483,828 shares of the energy company’s stock worth $44,588,000 after buying an additional 1,483,006 shares during the last quarter. BlackRock Inc. lifted its position in shares of Matador Resources by 11.1% in the 2nd quarter. BlackRock Inc. now owns 11,706,885 shares of the energy company’s stock worth $351,792,000 after buying an additional 1,170,138 shares during the last quarter. Copper Rock Capital Partners LLC bought a new position in shares of Matador Resources in the 2nd quarter worth about $25,431,000. OppenheimerFunds Inc. lifted its position in shares of Matador Resources by 40.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,026,084 shares of the energy company’s stock worth $60,885,000 after buying an additional 581,649 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management bought a new position in shares of Matador Resources in the 2nd quarter worth about $11,643,000. 89.14% of the stock is owned by institutional investors.

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 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.

Further Reading: Fundamental Analysis

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

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