Matador Resources Co reports results for the quarter ended in March - Earnings Summary

Matador Resources

23/04/2024 23:01

* Matador Resources Co  MTDR.N  reported quarterly adjusted
earnings of $1.71​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.50.  The mean expectation of fifteen analysts
for the quarter was for earnings of $1.51 per share. Wall Street
expected results to range from $1.26  to $1.67 per share.
    * Revenue rose 40.6% to $787.69 million from a year ago;
analysts
expected $736.49 million. 
    * Matador Resources Co's reported EPS for the quarter was
$1.61​.
    * The company reported quarterly net income of $193.73
million.
    * Matador Resources Co shares had fallen by 3.1% this
quarter and
gained 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Matador Resources
Co is $76.00 
This summary was machine generated from LSEG data April 23 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.51           1.71           Beat
 Dec. 31 2023      1.78           1.99           Beat
 Sep. 30 2023      1.65           1.86           Beat
 Jun. 30 2023      1.31           1.42           Beat