Matador Resources (NYSE:MTDR - Free Report) - Stock analysts at KeyCorp decreased their Q3 2026 EPS estimates for Matador Resources in a research report issued to clients and investors on Sunday, April 20th. KeyCorp analyst T. Rezvan now expects that the energy company will earn $1.97 per share for the quarter, down from their previous forecast of $2.26. KeyCorp currently has a "Overweight" rating and a $60.00 target price on the stock. The consensus estimate for Matador Resources' current full-year earnings is $8.53 per share.
Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%.
Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Benchmark reissued a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Finally, Stephens reduced their price target on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.73.
Check Out Our Latest Report on MTDR
Matador Resources Stock Up 0.9 %
NYSE:MTDR traded up $0.36 during trading hours on Tuesday, reaching $41.11. 2,037,671 shares of the stock were exchanged, compared to its average volume of 1,579,407. The stock has a market cap of $5.15 billion, a PE ratio of 5.76 and a beta of 2.74. Matador Resources has a twelve month low of $35.19 and a twelve month high of $66.89. The firm has a 50 day moving average of $46.56 and a 200 day moving average of $53.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.
Institutional Trading of Matador Resources
Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in shares of Matador Resources by 16.1% during the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company's stock worth $9,391,000 after purchasing an additional 26,289 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Matador Resources in the third quarter valued at approximately $300,000. Tidal Investments LLC acquired a new stake in Matador Resources during the third quarter worth approximately $423,000. Synovus Financial Corp increased its stake in Matador Resources by 32.1% during the 3rd quarter. Synovus Financial Corp now owns 22,753 shares of the energy company's stock worth $1,124,000 after acquiring an additional 5,529 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock valued at $54,122,000 after acquiring an additional 107,827 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.
Insider Buying and Selling
In other news, CEO Joseph Wm Foran purchased 6,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares of the company's stock, valued at $2,124,103.26. This trade represents a 17.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Glenn W. Stetson acquired 1,000 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the transaction, the executive vice president now directly owns 91,680 shares in the company, valued at approximately $4,864,540.80. This trade represents a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 21,350 shares of company stock valued at $1,100,769. Company insiders own 6.10% of the company's stock.
Matador Resources announced that its board has initiated a stock repurchase program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.
Matador Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio is presently 16.78%.
About Matador Resources
(
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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.
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