Matador Resources Co (NYSE:MTDR) Chairman Joseph Wm Foran Purchases 8,000 Shares

Matador Resources Co (NYSE:MTDR) Chairman Joseph Wm Foran purchased 8,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $15.05 per share, with a total value of $120,400.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE:MTDR traded down $1.61 on Monday, hitting $15.02. The company had a trading volume of 4,075,394 shares, compared to its average volume of 2,442,835. The stock has a market cap of $1.85 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.96. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $18.25. Matador Resources Co has a 52 week low of $13.97 and a 52 week high of $34.90.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.11. The business had revenue of $241.70 million during the quarter, compared to the consensus estimate of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities analysts expect that Matador Resources Co will post 0.99 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Private Capital Group LLC lifted its stake in Matador Resources by 91.5% in the 1st quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after purchasing an additional 1,071 shares during the last quarter. Marshall Wace LLP bought a new position in Matador Resources in the 1st quarter valued at approximately $74,000. Zions Bancorporation N.A. bought a new position in Matador Resources in the 1st quarter valued at approximately $91,000. Gradient Investments LLC acquired a new position in Matador Resources in the 1st quarter valued at approximately $102,000. Finally, Starr International Co. Inc. acquired a new position in Matador Resources in the 1st quarter valued at approximately $192,000. 94.96% of the stock is owned by institutional investors and hedge funds.

MTDR has been the subject of a number of recent analyst reports. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, May 28th. ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the stock a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised shares of Matador Resources from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $28.00 to $26.00 in a report on Friday, June 7th. Finally, Stephens raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $22.00 to $24.00 in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Matador Resources currently has an average rating of “Buy” and a consensus target price of $32.40.

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 in 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.

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