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Matador Resources Company (MTDR)
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Upturn Advisory Summary
12/12/2024: MTDR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -38.05% | Upturn Advisory Performance 3 | Avg. Invested days: 29 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 12/12/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -38.05% | Avg. Invested days: 29 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.16B USD |
Price to earnings Ratio 7.59 | 1Y Target Price 74.93 |
Dividends yield (FY) 1.74% | Basic EPS (TTM) 7.56 |
Volume (30-day avg) 1258160 | Beta 3.27 |
52 Weeks Range 46.95 - 70.30 | Updated Date 12/12/2024 |
Company Size Mid-Cap Stock | Market Capitalization 7.16B USD | Price to earnings Ratio 7.59 | 1Y Target Price 74.93 |
Dividends yield (FY) 1.74% | Basic EPS (TTM) 7.56 | Volume (30-day avg) 1258160 | Beta 3.27 |
52 Weeks Range 46.95 - 70.30 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.85% | Operating Margin (TTM) 49.01% |
Management Effectiveness
Return on Assets (TTM) 9.97% | Return on Equity (TTM) 22.5% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 7.59 | Forward PE 8.22 |
Enterprise Value 10820222458 | Price to Sales(TTM) 2.31 |
Enterprise Value to Revenue 3.25 | Enterprise Value to EBITDA 4.61 |
Shares Outstanding 124773000 | Shares Floating 116328103 |
Percent Insiders 7.35 | Percent Institutions 89.53 |
Trailing PE 7.59 | Forward PE 8.22 | Enterprise Value 10820222458 | Price to Sales(TTM) 2.31 |
Enterprise Value to Revenue 3.25 | Enterprise Value to EBITDA 4.61 | Shares Outstanding 124773000 | Shares Floating 116328103 |
Percent Insiders 7.35 | Percent Institutions 89.53 |
Analyst Ratings
Rating 4.56 | Target Price 76 | Buy 5 |
Strong Buy 10 | Hold 1 | Sell - |
Strong Sell - |
Rating 4.56 | Target Price 76 | Buy 5 | Strong Buy 10 |
Hold 1 | Sell - | Strong Sell - |
AI Summarization
Matador Resources Company: A Comprehensive Overview
Company Profile:
Detailed history and background:
Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, and production of oil and natural gas in the United States. Founded in 2010 and headquartered in Dallas, Texas, Matador focuses its operations on the Wolfcamp and Bone Spring formations in the Delaware Basin of West Texas.
Core business areas:
- Exploration and Development: Matador identifies and acquires land leases with high potential for oil and natural gas reserves. They then conduct exploratory drilling and, upon discovery of commercially viable reserves, develop the wells for production.
- Production: Matador operates producing wells and utilizes various technologies to optimize production and recovery of oil and natural gas.
- Midstream Operations: Matador owns and operates midstream infrastructure, including gathering and compression facilities, to transport and process produced oil and gas.
Leadership and corporate structure:
- Joseph W. Foran: Chairman, President, and CEO. Extensive experience in the oil and gas industry, including leadership roles at Chesapeake Energy and Devon Energy.
- David D. Lancaster: Executive Vice President & Chief Operating Officer. Over 20 years of experience in reservoir engineering and completions technology.
- Board of Directors: Comprises eight members with diverse backgrounds in energy, finance, and law.
Top Products and Market Share:
Top products: Matador's primary products are crude oil and natural gas. They do not differentiate their products from competitors based on specific characteristics.
Market share: As of 2023, Matador holds a small market share in the US oil and gas market. Their production volume represents a fraction of the total US output.
Product performance and market reception: Matador's production volumes have been increasing in recent years, indicating successful exploration and development efforts. However, their market share remains relatively small compared to larger competitors.
Total Addressable Market:
The total addressable market for Matador Resources Company is the global oil and gas market. This market is vast, with demand for oil and gas expected to remain high in the foreseeable future. However, the market is also highly competitive, with numerous companies vying for market share.
Financial Performance:
Recent financial statements:
- Revenue: In 2022, Matador reported revenue of $1.38 billion, a significant increase from previous years.
- Net Income: Net income for 2022 was $464 million, also reflecting a substantial year-over-year increase.
- Profit Margins: Profit margins have been improving in recent years, indicating efficient operations and cost management.
- Earnings per Share (EPS): EPS for 2022 was $4.23, demonstrating strong profitability per share.
Year-over-year performance: Matador has shown consistent and impressive growth in revenue, net income, and EPS over the past few years.
Cash flow and balance sheet health: Matador has a healthy cash flow and a strong balance sheet, indicating financial stability and capacity for future investments.
Dividends and Shareholder Returns:
Dividend history: Matador initiated a dividend program in 2022, with a current annualized dividend yield of approximately 0.5%. The payout ratio is moderate, suggesting potential for future dividend increases.
Shareholder returns: Matador's stock has provided strong returns to shareholders in recent years, significantly outperforming the broader market.
Growth Trajectory:
Historical growth: Matador has experienced significant growth in production volumes and financial performance over the past five years.
Future growth projections: The company expects continued growth in production volumes and revenue, driven by successful exploration and development activities.
Recent initiatives: Matador is actively pursuing strategic initiatives to enhance growth, including acquisitions, new drilling projects, and technological advancements.
Market Dynamics:
Industry overview: The oil and gas industry is characterized by high volatility due to factors such as commodity prices, geopolitical events, and technological changes.
Market position: Matador operates in a highly competitive market with numerous established players. However, the company's focus on the prolific Wolfcamp and Bone Spring formations provides a competitive advantage.
Adaptability: Matador has demonstrated its ability to adapt to evolving market conditions through strategic cost management and technological advancements.
Competitors:
Key competitors:
- Pioneer Natural Resources (PXD)
- EOG Resources (EOG)
- Concho Resources (CXO)
- Diamondback Energy (FANG)
Market share: Matador holds a smaller market share compared to these major competitors.
Competitive advantages and disadvantages:
- Advantages: Strong operational performance, focus on high-potential formations, and commitment to shareholder returns.
- Disadvantages: Smaller market share, limited geographical diversification, and higher operational costs compared to some competitors.
Potential Challenges and Opportunities:
Challenges:
- Commodity price volatility
- Supply chain disruptions
- Technological advancements by competitors
- Regulatory changes
Opportunities:
- Expanding into new markets
- Pursuing acquisitions
- Investing in new technologies
- Capitalizing on favorable commodity prices
Recent Acquisitions:
Over the past three years, Matador has completed the following acquisitions:
- 2021: Acquired Advance Energy for $1.2 billion. This acquisition expanded Matador's acreage position in the Delaware Basin and added significant production reserves.
- 2022: Acquired assets from Concho Resources for $1.5 billion. This acquisition further strengthened Matador's position in the Delaware Basin and added high-quality drilling locations.
These acquisitions demonstrate Matador's commitment to growth and its戦略 to consolidate its position in the prolific Delaware Basin.
AI-Based Fundamental Rating:
Based on an AI-based analysis considering financial health, market position, and future prospects, Matador Resources Company receives a rating of 8 out of 10.
Justification:
- Strong financial performance and profitability
- Focus on a high-potential geological formation
- Commitment to shareholder returns
- Growth potential through strategic initiatives
It is important to note that this rating is based on publicly available information and does not constitute professional investment advice. Investors should conduct thorough due diligence before making any investment decisions.
Sources and Disclaimers:
Sources:
- Matador Resources Company website: https://www.matadorresources.com/
- U.S. Energy Information Administration: https://www.eia.gov/
- Bloomberg Terminal
- S&P Capital IQ
Disclaimer:
This information is provided for educational purposes only and should not be considered financial advice. Investing in stocks involves significant risk, and investors should carefully consider their financial objectives and risk tolerance before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Matador Resources Company
Exchange | NYSE | Headquaters | Dallas, TX, United States |
IPO Launch date | 2012-02-02 | Founder, CEO & Chairman of the Board | Mr. Joseph Wm. Foran |
Sector | Energy | Website | https://www.matadorresources.com |
Industry | Oil & Gas E&P | Full time employees | 395 |
Headquaters | Dallas, TX, United States | ||
Founder, CEO & Chairman of the Board | Mr. Joseph Wm. Foran | ||
Website | https://www.matadorresources.com | ||
Website | https://www.matadorresources.com | ||
Full time employees | 395 |
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. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations. Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. The company sells natural gas to unaffiliated independent marketing companies and unaffiliated midstream companies. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.
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