Zacks Research Issues Negative Outlook for MTDR Earnings

Key Points

• Zacks Research lowered its Q4 2027 EPS estimate for Matador Resources to $1.40 from $1.65, while projecting $1.64 for Q1 2028 and $2.07 for Q2 2028.
• Despite the earnings-estimate cut, analyst sentiment remains positive: MTDR has a “Moderate Buy” consensus rating from 17 analysts and an average price target of $67.20.
• Matador raised its quarterly dividend to $0.4375 per share from $0.375, equating to an annualized dividend of $1.75 and a 2.9% yield.

Matador Resources Company (NYSE:MTDR - Free Report) - Investment analysts at Zacks Research dropped their Q4 2027 earnings per share (EPS) estimates for shares of Matador Resources in a research report issued to clients and investors on Thursday, October 29th. Zacks Research analyst Team now expects that the energy company will earn $1.40 per share for the quarter, down from their prior estimate of $1.65. The consensus estimate for Matador Resources' current full-year earnings is $7.83 per share. Zacks Research also issued estimates for Matador Resources' Q1 2028 earnings at $1.64 EPS and Q2 2028 earnings at $2.07 EPS.

Several other research analysts have also recently weighed in on MTDR. Stephens boosted their price target on Matador Resources from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. Citigroup dropped their price objective on Matador Resources from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Scotiabank initiated coverage on Matador Resources in a report on Thursday, October 15th. They issued a "sector perform" rating and a $59.00 price objective for the company. UBS Group boosted their target price on Matador Resources from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. Finally, Weiss Ratings raised Matador Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $67.20.

Matador Resources Price Performance

Shares of MTDR opened at $59.73 on Friday. Matador Resources has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The firm's 50-day simple moving average is $56.62 and its two-hundred day simple moving average is $54.19. The stock has a market cap of $7.39 billion, a PE ratio of 10.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The business's revenue was up 32.5% compared to the same quarter last year.

Hedge Funds Weigh In On Matador Resources

Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Matador Resources by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,338 shares of the energy company's stock worth $1,255,000 after acquiring an additional 200 shares during the last quarter. Vise Technologies Inc. boosted its position in shares of Matador Resources by 63.9% during the 3rd quarter. Vise Technologies Inc. now owns 13,226 shares of the energy company's stock worth $682,000 after purchasing an additional 5,155 shares during the period. Vaquero Private Wealth Ltd. boosted its position in shares of Matador Resources by 25.9% during the 3rd quarter. Vaquero Private Wealth Ltd. now owns 19,846 shares of the energy company's stock worth $1,024,000 after purchasing an additional 4,079 shares during the period. Smith Group Asset Management LLC increased its holdings in Matador Resources by 1.6% in the 3rd quarter. Smith Group Asset Management LLC now owns 12,941 shares of the energy company's stock valued at $667,000 after purchasing an additional 208 shares during the last quarter. Finally, MADDEN SECURITIES Corp acquired a new stake in Matador Resources in the 3rd quarter valued at approximately $64,000. Institutional investors own 91.98% of the company's stock.

Insider Activity at Matador Resources

In other news, CEO Joseph Foran purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $52.16 per share, with a total value of $521,600.00. Following the completion of the purchase, the chief executive officer owned 25,617 shares in the company, valued at approximately $1,336,182.72. This represents a 64.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Christopher P. Calvert bought 2,500 shares of the stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price of $56.64 per share, with a total value of $141,600.00. Following the completion of the transaction, the chief financial officer directly owned 44,000 shares in the company, valued at approximately $2,492,160. The trade was a 6.02% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 23,144 shares of company stock worth $1,211,793. 5.90% of the stock is owned by corporate insiders.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.4375 per share. This is a positive change from Matador Resources's previous quarterly dividend of $0.3750. The ex-dividend date is Tuesday, November 10th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.9%. Matador Resources's dividend payout ratio is presently 25.73%.

Matador Resources Company Profile

Matador Resources Company NYSE: MTDR is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador's principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company's operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.

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