Matador Resources Co (NYSE:MTDR) Director David M. Posner purchased 1,035 shares of the company’s stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the purchase, the director now directly owns 6,274 shares of the company’s stock, valued at $181,444.08. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Matador Resources Co (NYSE:MTDR) traded down $0.43 during midday trading on Tuesday, hitting $27.89. The stock had a trading volume of 865,545 shares, compared to its average volume of 1,541,302. Matador Resources Co has a 52 week low of $20.13 and a 52 week high of $29.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a market capitalization of $3,160.15, a P/E ratio of 53.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.

Matador Resources (NYSE:MTDR) last issued its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The company had revenue of $126.28 million during the quarter, compared to the consensus estimate of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company’s revenue was up 42.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. sell-side analysts expect that Matador Resources Co will post 0.63 earnings per share for the current fiscal year.

Several equities research analysts have commented on MTDR shares. BMO Capital Markets set a $29.00 price target on Matador Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Mizuho set a $28.00 price target on Matador Resources and gave the stock a “hold” rating in a research note on Saturday, November 25th. Imperial Capital upped their price target on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.00.

A number of institutional investors and hedge funds have recently modified their holdings of MTDR. BlackRock Inc. boosted its holdings in Matador Resources by 53.9% in the second quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock valued at $217,677,000 after purchasing an additional 3,566,950 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Matador Resources by 88.5% in the second quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after purchasing an additional 2,328,250 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Matador Resources by 216.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares during the last quarter. State Street Corp boosted its holdings in Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Matador Resources by 126.3% in the second quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock valued at $24,422,000 after purchasing an additional 637,703 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

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About Matador Resources

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. The Company’s segments include exploration and production, and midstream.

Insider Buying and Selling by Quarter for Matador Resources (NYSE:MTDR)

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