Susan M. Ward Buys 2,000 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Susan M. Ward acquired 2,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $52.81 per share, with a total value of $105,620.00. Following the acquisition, the director now directly owns 5,844 shares in the company, valued at approximately $308,621.64. The trade was a 52.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matador Resources Price Performance

Shares of MTDR stock opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market cap of $6.50 billion, a P/E ratio of 7.29 and a beta of 3.22. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The stock’s 50-day moving average is $58.03 and its 200 day moving average is $55.76.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.40%. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Analyst Ratings Changes

A number of brokerages have commented on MTDR. Stephens lifted their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Finally, Morgan Stanley initiated coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target for the company. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Institutional Trading of Matador Resources

Large investors have recently bought and sold shares of the stock. American Trust increased its position in shares of Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after acquiring an additional 650 shares during the period. GF Fund Management CO. LTD. purchased a new position in Matador Resources during the 4th quarter worth approximately $1,988,000. Neo Ivy Capital Management acquired a new stake in Matador Resources during the 4th quarter valued at approximately $3,705,000. GTS Securities LLC raised its holdings in shares of Matador Resources by 157.7% during the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock worth $1,136,000 after purchasing an additional 12,353 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Matador Resources during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

About Matador Resources

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.