Here is how Matador Resources (MTDR) and Plains All American Pipeline (PAA) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Matador's recent growth has been driven primarily by efficiency gains and the acquisition of high-quality acreage. Valuation is attractive relative to the company's own recent history and that of peers like Diamondback Energy, Devon Energy, Permian Resources,.and EOG Resources. Despite a low forward dividend yield, Matador's low payout ratio and rapid CAGR make it attractive for long-term investors.
Wolfe Research upgraded Matador to Outperform from Peer Perform with a $72 price target. After lagging the Russell 3000 Energy Index by about 5% over the past year, Matador should be able to outperform "pure play" peers, and this starts with management consideration of strategic alternatives for its 51% ownership in its San Mateo JV, where it recently contributed its Pronto assets, the analyst tells investors in a research note. Among the possible avenues, Matador may pursue an IPO as this would provide a valuation marker while maintaining control of a strategic asset, the firm added.
Handsome oil prices aid Matador's (MTDR) upstream operations. However, the company is exposed to volatility in commodity prices.
Matador (MTDR) reported earnings 30 days ago. What's next for the stock?
Investors need to pay close attention to Matador Resources (MTDR) stock based on the movements in the options market lately.
Matador expects to produce over 200,000 BOEPD in 2025. This is driven by solid operational performance plus its Ameredev acquisition. MTDR is projected to generate over $7 per share in 2025 free cash flow at the current strip.
Matador Resources Company (NYSE:MTDR ) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Mac Schmitz - VP, IR Joseph Foran - Chairman, CEO and Secretary Brian Willey - CFO, EVP and President, Midstream Operations Robert Macalik - EVP and CAO Christopher Calvert - COO and EVP Glenn Stetson - EVP, Production Edmund Frost - EVP, Geosciences Van Singleton - President-Land, A&D and Planning Conference Call Participants Neal Dingmann - Truist Scott Hanold - RBC Capital Markets Zach Parham - JPMorgan John Freeman - Raymond James Kevin MacCurdy - Pickering Energy Partners Gabe Daoud - TD Cowen Leo Mariani - ROTH Michael Scialla - Stephens Oliver Huang - Tudor Pickering Holt & Company Operator Good morning, ladies and gentlemen. Welcome to the Third Quarter 2024 Matador Resources Company Earnings Conference Call.
High total production volume and decreased operating expenses aid MTDR's earnings in Q3.
Matador Resources (MTDR) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.86 per share a year ago.
Matador (MTDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.