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Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran bought 4,000 shares of Matador Resources stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $26.00 per share, with a total value of $104,000.00. Following the acquisition, the chief executive officer now directly owns 121,250 shares of the company’s stock, valued at approximately $3,152,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources (NYSE:MTDR) traded up 0.28% on Wednesday, hitting $25.2201. The stock had a trading volume of 346,079 shares. Matador Resources has a 1-year low of $15.26 and a 1-year high of $29.94. The stock’s 50-day moving average is $27.11 and its 200-day moving average is $25.. The company has a market cap of $1.850 billion and a P/E ratio of 23.18.

Matador Resources (NYSE:MTDR) last released its earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.04. The company had revenue of $99.10 million for the quarter, compared to the consensus estimate of $90.12 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 70.3% on a year-over-year basis. On average, analysts predict that Matador Resources will post $1.25 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Matador Resources from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $27.20 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Matador Resources from $34.00 to $37.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Matador Resources from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $32.00 price target on the stock, up previously from $28.00. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.72.

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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