Matador Resources (MTDR) Expected to Announce Earnings on Tuesday

Matador Resources (NYSE:MTDR) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.88 per share and revenue of $967.10 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Matador Resources Stock Performance

Shares of MTDR stock opened at $59.25 on Tuesday. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 7.85 and a beta of 3.22. The business has a 50 day simple moving average of $58.23 and a 200 day simple moving average of $55.86.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp lowered their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley assumed coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Stephens raised their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $56.60 per share, with a total value of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 2,980 shares of company stock valued at $165,988 over the last three months. Company insiders own 6.10% of the company’s stock.

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.