In a letter to investors released on Monday, September 19th, KeyCorp research analysts offered their earnings forecasts for Matador Resources. This information was also contained in a research note distributed by KeyCorp (NYSE: MTDR). T. Rezvan, an analyst working for KeyCorp, has predicted that the oil business will report quarterly profits per share of $2.91. These predictions are based on the company’s historical performance. The company has given the stock an “Overweight” rating and believes the price will hit $72.00 at some point in the future. In a second research note published on the same day (Wednesday), MKM Partners maintained its “buy” rating on shares of Matador Resources and set a price objective of $68.00 in a second research note. In addition, the firm placed a price objective of $68.00 in this separate research note.
According to data provided by Bloomberg.com, only two research professionals have recommended to investors that they maintain their current shareholdings, while eight have rated the business as a buy. On Thursday morning, the opening price of a share of Matador Resources was $54.37. Trading began on that day. During the last year, the company’s share price has ranged from $30.82 to $67.78. The current beta value for the firm is 3.64, and its market capitalization is $6.42 billion. Additionally, the company’s PE ratio is 6.24. This business has a debt-to-equity ratio of 0.48, a quick ratio of 1.29, and a current ratio of 1.31.
On Tuesday, July 26th, Matador Resources (NYSE: MTDR) shared the most recent quarterly results report with investors. Earnings per share for the company came in at $3.47, which was $0.31 more than the projection that market analysts had come up with, which was $3.16. In contrast to the predictions made by experts in the field, which came in at $829.21 million, the company recorded sales for the quarter of $943.93 million, which added to a significantly higher amount. The company’s excellent return on equity and high net margin showed that Matador Resources had a very successful year.
The net margin stood at 40.86 percent.
In addition, on September 1st, the firm made good on its promise to pay a quarterly dividend. This payment was made to stockholders whose information was on file as of August 17th. It was decided that each share would get a dividend of ten cents, which works out to a total of forty cents a year and a yield of 0.74 percent. August 16th, a Tuesday, was the date regarded as “ex-dividend” for this payout. Matador Resources has in the past paid out a quarterly dividend of $0.05, which means that this sum reflects an increase from that previous payout.
During the last three months of 2018, O’Shaughnessy Asset Management LLC boosted the total number of Matador Resources shares it owned by 17.4 percent. As a result, O’Shaughnessy Asset Management LLC now has 8,911 additional shares of the energy business’s stock, bringing its total number of shares owned by the company to 6,013. These shares are currently worth a total of $222,000 as of right now. In addition, during the last three months of 2018, the share of Matador Resources holdings in the investment portfolio managed by Geode Capital Management LLC went up by 0.8%.