As of September 27, 2023, Hunter Perkins Capital Management LLC has disclosed a new stake in Matador Resources (NYSE:MTDR) during the second quarter. The investment firm purchased 6,200 shares of the energy company’s stock, which amounts to approximately $324,000 in value.
Matador Resources last released its earnings results on Tuesday, July 25th. In the second quarter, the company reported earnings per share (EPS) of $1.42, falling short of analysts’ consensus estimates of $1.54 by $0.12. Despite missing estimates, Matador Resources still showcased a return on equity of 27.40% and retained a net margin of 33.46%.
The firm generated a total revenue of $638.20 million during the quarter, slightly surpassing analysts’ expectations of $636.91 million. However, it is important to note that this figure represents a decline of 32.4% compared to the same quarter in the previous year. In that quarter a year ago, Matador Resources had recorded an EPS of $3.47.
Equities analysts are predicting that Matador Resources will post an EPS of 6.36 for the current year.
For further analysis and insights into Matador Resources’ performance and financial standing, please refer to our latest report on the company.
(Note: This article is purely based on fictional content generated by OpenAI’s GPT-3 model.)
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Matador Resources Garnering Attention and Investments from Institutional Investors and Analysts
In recent months, there has been a notable increase in institutional investors and hedge funds buying and selling shares of Matador Resources, an energy company. One such investor is Harbour Capital Advisors LLC, who acquired a new position in the company during the first quarter of this year. Their investment in Matador Resources amounted to $200,000.
Creative Planning, another institutional investor, also raised its position in Matador Resources by 9.0% in the fourth quarter. They now own 29,096 shares of the company’s stock, which is valued at approximately $1,665,000 after acquiring an additional 2,401 shares during the last quarter.
Meanwhile, Oppenheimer Asset Management Inc. significantly increased its position in Matador Resources by 253.8% during the first quarter. They now hold 19,423 shares worth $926,000 after acquiring an additional 13,933 shares.
Similarly, Copeland Capital Management LLC entered the scene in the first quarter by purchasing a new position in Matador Resources amounting to a staggering $22,866,000.
Lastly, Prudential PLC boosted its stake in Matador Resources by 35.7% during the first quarter as well. They currently own 19,911 shares valued at $949,000 after adding an extra 5,239 shares to their portfolio.
It is worth noting that approximately 87.23% of Matador Resources’ stock is owned by institutional investors.
As of Wednesday’s market opening on September 27th, Matador Resource’s stock was priced at $58.66 per share. The company boasts healthy financials with a debt-to-equity ratio of 0.61 and favorable liquidity ratios including a quick ratio of 0.88 and current ratio of 0.92.
The moving average prices for Matador Resource’s stock are worth mentioning too: $59.44 for its 50-day simple moving average and $52.42 for its two-hundred day simple moving average. With a market capitalization of $6.99 billion, the company has a price-to-earnings ratio of 7.66 and a beta of 3.53.
In terms of dividends, Matador Resources recently announced a quarterly dividend payment on September 1st. Stockholders who were recorded as having ownership on August 11th received a dividend payout of $0.15 per share. The ex-dividend date for this payment was August 10th. Based on the annualized basis, the dividend amounts to $0.60 with an impressive dividend yield of 1.02%. The company’s payout ratio is calculated at 7.83%.
MTDR has caught the attention of several prominent brokerages who have released reports regarding the stock in recent times. Royal Bank of Canada, for instance, decreased their target price from $74 to $70 in their research report on July 12th, while KeyCorp raised their target price from $67 to $70 and provided it with an “overweight” rating in their report published on July 27th.
Raymond James also expressed optimism about Matador Resources by increasing their target price from $61 to $62 and giving it an “outperform” rating in their research report shared on July 24th.
Moreover, Mizuho upped Matador Resource’s target price from $78 to $80 and assigned it a “buy” rating in their research report published on September 18th.
On the other hand, StockNews.com began coverage on Matador Resources with a more cautious standpoint by assigning it a “sell” rating in its research report shared on August 17th.
In general, data sourced from Bloomberg.com indicates that Matador Resources holds a consensus rating of “Moderate Buy,” with an average target price set at $72.63.
With these recent developments and evaluations, Matador Resources appears to be attracting significant attention from institutional investors and analysts alike. The company’s financials, stock performance, and dividend payouts make it an intriguing prospect for those in the market. Only time will tell how these investments and ratings play out in the long term.
