Insider Buying: Joseph Wm Foran Acquires 2,000 Shares of Matador Resources Stock (MTDR)
Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $25.23 per share, with a total value of $50,460.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,250 shares in the company, valued at approximately $3,059,138. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Matador Resources presently has an average rating of “Buy” and a consensus target price of $28.72.
Shares of Matador Resources (NYSE:MTDR) traded down 1.60% on Thursday, hitting $25.15. 342,593 shares of the company’s stock traded hands. Matador Resources has a one year low of $15.26 and a one year high of $29.94. The stock’s 50-day moving average is $27.08 and its 200-day moving average is $25.17. The company has a market cap of $1.844 billion and a price-to-earnings ratio of 23.56.
Matador Resources (NYSE:MTDR) last released its earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue 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.
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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