Insider Buying: Reynald Baribault Acquires 4,000 Shares of Matador Resources Stock (MTDR)
Matador Resources (NYSE:MTDR) Director Reynald Baribault bought 4,000 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was purchased at an average price of $25.15 per share, for a total transaction of $100,600.00. Following the purchase, the director now directly owns 810 shares in the company, valued at approximately $20,372. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $28.95.
Matador Resources (NYSE:MTDR) traded up 1.67% on Monday, hitting $26.17. 402,534 shares of the company’s stock traded hands. Matador Resources has a 1-year low of $15.26 and a 1-year 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 $1.919 billion and a P/E ratio of 23.72.
Matador Resources (NYSE:MTDR) last issued its quarterly 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 $1.24 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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