Wall Street brokerages predict that Matador Resources Co (NYSE:MTDR) will announce $239.76 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Matador Resources’ earnings. The highest sales estimate is $253.70 million and the lowest is $234.00 million. Matador Resources posted sales of $207.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.7%. The firm is scheduled to report its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Matador Resources will report full-year sales of $931.89 million for the current fiscal year, with estimates ranging from $905.40 million to $1.01 billion. For the next year, analysts anticipate that the firm will report sales of $1.18 billion, with estimates ranging from $1.05 billion to $1.39 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Matador Resources.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.11. The company had revenue of $241.70 million for the quarter, compared to analysts’ expectations of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. Matador Resources’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS.

MTDR has been the topic of several recent research reports. Stephens upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $24.00 in a research note on Tuesday, July 23rd. ValuEngine upgraded shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Matador Resources from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $28.00 to $26.00 in a research note on Friday, June 7th. Wells Fargo & Co set a $33.00 price objective on shares of Matador Resources and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, MKM Partners upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Matador Resources has a consensus rating of “Buy” and an average price target of $31.47.

In related news, Chairman Joseph Wm Foran acquired 8,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $14.14 per share, with a total value of $113,120.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth L. Stewart acquired 5,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $17.76 per share, with a total value of $88,800.00. Following the completion of the acquisition, the director now owns 37,532 shares in the company, valued at $666,568.32. The disclosure for this purchase can be found here. Insiders purchased a total of 36,150 shares of company stock valued at $563,568 over the last three months. 6.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in shares of Matador Resources in the second quarter valued at $30,000. Private Capital Group LLC grew its holdings in shares of Matador Resources by 91.5% in the first quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after purchasing an additional 1,071 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Matador Resources in the first quarter valued at $74,000. Zions Bancorporation N.A. purchased a new position in shares of Matador Resources in the first quarter valued at $91,000. Finally, Gradient Investments LLC purchased a new position in shares of Matador Resources in the first quarter valued at $102,000. 94.87% of the stock is owned by institutional investors and hedge funds.

MTDR traded down $0.30 during midday trading on Thursday, hitting $13.73. 2,678,593 shares of the company traded hands, compared to its average volume of 2,496,119. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.80 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.96. The company’s 50-day moving average is $17.53 and its 200 day moving average is $18.47. Matador Resources has a 52 week low of $13.42 and a 52 week high of $34.90.

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.

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

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