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Matador Resources (NYSE:MTDR) Director Carlos M. Sepulveda bought 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $25.09 per share, with a total value of $25,090.00. Following the completion of the purchase, the director now directly owns 297,459 shares of the company’s stock, valued at approximately $7,463,246. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Matador Resources (NYSE:MTDR) traded up 1.43% during mid-day trading on Friday, hitting $25.47. The stock had a trading volume of 335,155 shares. Matador Resources has a 52-week low of $15.26 and a 52-week high of $29.94. The stock’s 50-day moving average is $26.99 and its 200-day moving average is $25.17. The company has a market cap of $1.868 billion and a price-to-earnings ratio of 23.14.

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. Analysts expect that Matador Resources will post $1.23 EPS for the current fiscal year.

MTDR has been the subject of a number of recent research reports. Analysts at GMP Securities upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $34.00 price target on the stock, up previously from $30.00. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.95.

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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