Matador Resources (NYSE:MTDR – Get Free Report) announced its quarterly earnings data on Tuesday. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32, Briefing.com reports. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The company had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same period in the prior year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year.
Matador Resources Price Performance
Shares of MTDR traded down $0.43 during trading hours on Friday, reaching $65.15. The company had a trading volume of 172,421 shares, compared to its average volume of 1,389,862. The firm has a 50 day simple moving average of $65.25 and a 200-day simple moving average of $60.16. The company has a current ratio of 0.89, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 8.99 and a beta of 3.32. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08.
Matador Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Matador Resources’s payout ratio is currently 10.96%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Matador Resources
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 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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