Matador Resources (NYSE:MTDR) is scheduled to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Matador Resources to post earnings of $0.22 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $173.89 million during the quarter, compared to the consensus estimate of $198.76 million. Matador Resources had a net margin of 22.37% and a return on equity of 9.57%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, analysts expect Matador Resources to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Matador Resources stock traded up $0.22 during trading hours on Tuesday, reaching $16.41. The stock had a trading volume of 112,773 shares, compared to its average volume of 2,186,001. The company’s 50 day simple moving average is $18.24. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.90 and a beta of 1.98. Matador Resources has a twelve month low of $13.97 and a twelve month high of $34.90. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78.

In other Matador Resources news, President Matthew V. Hairford acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $16.78 per share, with a total value of $33,560.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth L. Stewart acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $17.76 per share, with a total value of $88,800.00. Following the purchase, the director now owns 37,532 shares in the company, valued at approximately $666,568.32. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 13,000 shares of company stock valued at $222,160. 6.90% of the stock is owned by corporate insiders.

MTDR has been the subject of a number of research reports. Imperial Capital reissued an “outperform” rating and set a $33.00 target price (up previously from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a research note on Friday, June 7th. Wells Fargo & Co set a $33.00 target price on shares of Matador Resources and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, Stephens reissued a “buy” rating and set a $30.00 target price on shares of Veritex in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Matador Resources currently has an average rating of “Buy” and an average price target of $32.40.

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 for Matador Resources (NYSE:MTDR)

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