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

Matador Resources (NYSE:MTDR) traded up 2.51% during mid-day trading on Friday, hitting $25.74. The stock had a trading volume of 553,928 shares. Matador Resources has a 52 week low of $15.26 and a 52 week high of $29.94. The stock has a 50-day moving average of $26.92 and a 200-day moving average of $25.22. The company has a market cap of $1.888 billion and a P/E ratio of 23.14.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.45 earnings per share. Matador Resources’s revenue was up 70.3% compared to the same quarter last year. On average, analysts predict that Matador Resources will post $1.24 earnings per share for the current fiscal year.

A number of research firms have recently commented on MTDR. 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, August 11th. 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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