Insider Buying: Matador Resources Company (NYSE:MTDR) Director Acquires 4,115 Shares of Stock
Matador Resources Company (NYSE:MTDR) Director David M. Posner purchased 4,115 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at $151,203.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Matador Resources Company (NYSE MTDR) traded down 0.45% during trading on Thursday, reaching $24.17. The company had a trading volume of 1,558,575 shares. Matador Resources Company has a 52-week low of $19.99 and a 52-week high of $28.51. The company has a market capitalization of $2.43 billion, a PE ratio of 12.49 and a beta of 1.20. The company has a 50 day moving average price of $22.57 and a 200 day moving average price of $23.53.
Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The firm had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, equities analysts forecast that Matador Resources Company will post $0.47 EPS for the current fiscal year.
Several research firms have weighed in on MTDR. BidaskClub upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Matador Resources in a research report on Thursday, July 20th. Northland Securities set a $33.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, July 17th. Scotiabank set a $26.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, BMO Capital Markets set a $23.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.63.
A number of large investors have recently added to or reduced their stakes in MTDR. FNY Partners Fund LP raised its position in Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock valued at $118,000 after buying an additional 2,000 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Matador Resources during the first quarter valued at $120,000. Dubuque Bank & Trust Co. raised its position in Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after buying an additional 275 shares during the period. Parallel Advisors LLC raised its position in Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after buying an additional 682 shares during the period. Finally, LS Investment Advisors LLC bought a new position in Matador Resources during the second quarter valued at $155,000. Hedge funds and other institutional investors own 86.56% of the company’s stock.
Matador Resources Company Profile
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.
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