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Matador Resources (NYSE:MTDR) Director David M. Laney acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $250,000.00. Following the purchase, the director now directly owns 414,177 shares of the company’s stock, valued at approximately $10,354,425. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Matador Resources (NYSE:MTDR) traded up 0.44% on Thursday, hitting $24.84. 1,178,238 shares of the company’s stock traded hands. Matador Resources has a 52 week low of $9.81 and a 52 week high of $29.14. The stock’s 50-day moving average is $26.18 and its 200-day moving average is $22.65. The company has a market cap of $1.635 billion and a price-to-earnings ratio of 19.72.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $78.90 million for the quarter, compared to the consensus estimate of $77.57 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Analysts expect that Matador Resources will post $1.19 EPS for the current fiscal year.

A number of analysts have recently weighed in on MTDR shares. Analysts at Wunderlich reiterated a “buy” rating on shares of Matador Resources in a research note on Friday, May 23rd. They now have a $31.00 price target on the stock, down previously from $32.00. Separately, analysts at Sidoti initiated coverage on shares of Matador Resources in a research note on Thursday, May 22nd. They set a “buy” rating and a $32.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Matador Resources from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.96.

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays.

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