Matador Resources Co reports results for the quarter ended in September 30 - Earnings Summary

Matador Resources

23/10/2024 05:12

* Matador Resources Co  MTDR.N  reported quarterly adjusted
earnings of $1.89​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.86.  The mean expectation of
seventeen analysts for the quarter was for earnings of $1.72 per
share. Wall Street expected results to range from $1.35 
to $2.17 per share.
    * Revenue rose 16.5% to $899.78 million from a year ago;
analysts
expected $847.57 million. 
    * Matador Resources Co's reported EPS for the quarter was
$1.99​.
    * The company reported quarterly net income of $248.29
million.
    * Matador Resources Co shares had risen by 2.8% this
quarter and
lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 1
"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 75.00 
This summary was machine generated from LSEG data October 23 at
04:12 a.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
 Sep. 30 2024      1.72           1.89           Beat
 Jun. 30 2024      1.76           2.05           Beat
 Mar. 31 2024      1.51           1.71           Beat
 Dec. 31 2023      1.78           1.99           Beat