Matador Resources CEO Purchases $50,460 in Stock (MTDR)
Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $25.23 per share, for a total transaction of $50,460.00. Following the completion of the purchase, the chief executive officer now directly owns 121,250 shares of the company’s stock, valued at approximately $3,059,138. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Matador Resources (NYSE:MTDR) opened at 25.74 on Monday. 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 price-to-earnings ratio of 23.14.
Matador Resources (NYSE:MTDR) last posted its quarterly 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. Analysts expect that Matador Resources will post $1.24 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Matador Resources has a consensus rating of “Buy” and an average 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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