Matador Resources Company (NYSE:MTDR) will hold its Q4 2024 Earnings Conference Call on February 19, 2024, at 10:00 AM ET. The call will feature several company executives, including CEO Joseph Foran and CFO Brian Willey. Analysts from various financial institutions will also participate in the call.
MTDR's earnings for the fourth quarter increased due to a rise in overall production volumes, which included greater input from its non-operated assets.
The main figures for Matador (MTDR) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
Matador Resources (MTDR) reported quarterly earnings of $1.83 per share, which is higher than the Zacks Consensus Estimate of $1.74 per share. In comparison, the earnings were $1.99 per share during the same period last year.
Matador (MTDR) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
This is a comparison of how Matador Resources (MTDR) and Range Resources (RRC) have done in relation to their industry this year.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
Matador (MTDR) has received a Zacks Rank #2 (Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price in the short term.
Matador has recently grown mainly due to improved efficiency and the purchase of valuable land. Its valuation looks appealing compared to its past performance and similar companies like Diamondback Energy and Devon Energy. Although the forward dividend yield is low, Matador's small payout ratio and fast growth rate make it appealing for investors looking for long-term opportunities.
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) has successfully completed its earlier announced deal, where it contributed Pronto Midstream, LLC, its fully-owned midstream subsidiary, to San Mateo Midstream, LLC, a joint venture in which Matador owns 51%. The implied pre-closing value of Pronto was around $600 million. After this transaction, San Mateo has an estimated total.