Insider Buying: Matador Resources Co (NYSE:MTDR) Director Buys $54,932.50 in Stock

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Matador Resources Co (NYSE:MTDR) Director David M. Posner acquired 3,650 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $15.05 per share, with a total value of $54,932.50. Following the completion of the purchase, the director now owns 19,879 shares of the company’s stock, valued at $299,178.95. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:MTDR opened at $14.03 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $17.64. Matador Resources Co has a 1 year low of $13.92 and a 1 year high of $34.90. The stock has a market capitalization of $1.80 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.80 and a beta of 1.96.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.11. Matador Resources had a return on equity of 8.71% and a net margin of 19.10%. The business had revenue of $241.70 million during the quarter, compared to the consensus estimate of $210.42 million. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts forecast that Matador Resources Co will post 1.12 EPS for the current year.

Several analysts have recently commented on MTDR shares. Stephens raised Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $24.00 in a research note on Tuesday, July 23rd. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, May 28th. JPMorgan Chase & Co. raised Matador Resources from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $28.00 to $26.00 in a research note on Friday, June 7th. Stifel Nicolaus set a $24.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Monday. Finally, ValuEngine raised Matador Resources from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.47.

A number of large investors have recently added to or reduced their stakes in MTDR. Victory Capital Management Inc. lifted its position in Matador Resources by 71.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,892,662 shares of the energy company’s stock valued at $37,627,000 after acquiring an additional 786,687 shares in the last quarter. Connors Investor Services Inc. lifted its position in Matador Resources by 90.8% in the 2nd quarter. Connors Investor Services Inc. now owns 120,557 shares of the energy company’s stock valued at $2,397,000 after acquiring an additional 57,372 shares in the last quarter. Man Group plc lifted its position in Matador Resources by 36.2% in the 2nd quarter. Man Group plc now owns 582,472 shares of the energy company’s stock valued at $11,580,000 after acquiring an additional 154,872 shares in the last quarter. Balyasny Asset Management LLC bought a new position in Matador Resources in the 2nd quarter valued at approximately $14,898,000. Finally, Invesco Ltd. raised its stake in Matador Resources by 236.5% during the 2nd quarter. Invesco Ltd. now owns 3,362,728 shares of the energy company’s stock valued at $66,850,000 after buying an additional 2,363,259 shares during the last quarter. 94.87% of the stock is owned by institutional investors and hedge funds.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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

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