Matador Resources (NYSE:MTDR) Releases Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Matador Resources (NYSE:MTDR - Get Free Report) announced its quarterly earnings results on Tuesday. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32, Briefing.com reports. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business had revenue of $787.70 million during the quarter, compared to analyst estimates of $740.99 million. During the same period in the previous year, the company earned $1.50 EPS. The firm's revenue was up 40.6% on a year-over-year basis.

Matador Resources Stock Performance

Shares of MTDR traded up $0.15 on Wednesday, reaching $65.29. 3,106,785 shares of the stock traded hands, compared to its average volume of 1,407,138. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 9.26 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. Matador Resources has a 12 month low of $42.04 and a 12 month high of $71.08. The stock's 50-day moving average price is $65.07 and its 200-day moving average price is $60.12.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources's dividend payout ratio is presently 11.35%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MTDR shares. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 target price on shares of Matador Resources in a report on Tuesday, March 5th. JPMorgan Chase & Co. boosted their target price on Matador Resources from $76.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. KeyCorp boosted their target price on Matador Resources from $71.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday. TD Cowen boosted their target price on Matador Resources from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. Finally, Mizuho boosted their target price on Matador Resources from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.10.

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.