Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Buys 2,000 Shares

Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $48.55 per share, for a total transaction of $97,100.00. Following the completion of the transaction, the chief executive officer now owns 43,379 shares of the company’s stock, valued at approximately $2,106,050.45. This represents a 4.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Joseph Wm Foran also recently made the following trade(s):

• On Friday, February 21st, Joseph Wm Foran purchased 6,000 shares of Matador Resources stock. The stock was purchased at an average price of $53.94 per share, for a total transaction of $323,640.00.
• On Friday, December 6th, Joseph Wm Foran purchased 2,000 shares of Matador Resources stock. The stock was purchased at an average price of $55.18 per share, for a total transaction of $110,360.00.

Matador Resources Trading Down 1.9 %

MTDR opened at $44.85 on Friday. 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 $5.62 billion, a price-to-earnings ratio of 6.28 and a beta of 3.22. The firm has a 50 day simple moving average of $57.58 and a 200 day simple moving average of $55.51. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.79%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Stephens boosted their target price 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. TD Cowen boosted their target price on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley initiated coverage on shares of Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Matador Resources during the fourth quarter valued at approximately $7,529,000. American Trust grew its holdings in Matador Resources by 11.5% during the fourth quarter. American Trust now owns 6,280 shares of the energy company’s stock valued at $353,000 after purchasing an additional 650 shares during the period. GF Fund Management CO. LTD. acquired a new position in Matador Resources during the fourth quarter valued at approximately $1,988,000. Neo Ivy Capital Management acquired a new position in Matador Resources during the fourth quarter valued at approximately $3,705,000. Finally, GTS Securities LLC grew its holdings in Matador Resources by 157.7% during the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock valued at $1,136,000 after purchasing an additional 12,353 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Company Profile

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.