Matador Resources Co (NYSE:MTDR) Director Julia P. Forrester purchased 730 shares of Matador Resources stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $28.25 per share, with a total value of $20,622.50. Following the transaction, the director now directly owns 9,322 shares of the company’s stock, valued at $263,346.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Matador Resources Co (NYSE:MTDR) traded down $0.28 during trading hours on Friday, reaching $26.97. The company’s stock had a trading volume of 927,300 shares, compared to its average volume of 1,541,641. Matador Resources Co has a 12-month low of $20.13 and a 12-month high of $29.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. The firm has a market cap of $2,955.18, a P/E ratio of 50.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $126.28 million for 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 firm’s quarterly revenue was up 42.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. analysts forecast that Matador Resources Co will post 0.63 EPS for the current fiscal year.

A number of analysts have weighed in on MTDR shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target on shares of Matador Resources in a research report on Thursday, September 7th. Northland Securities set a $33.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Monday, August 21st. BidaskClub raised Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. BMO Capital Markets set a $29.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Scotiabank reissued a “buy” rating on shares of Matador Resources in a research report on Tuesday, September 26th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $29.88.

Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. raised its stake in Matador Resources by 164.4% during the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after buying an additional 2,727 shares during the period. Fortaleza Asset Management Inc. bought a new position in Matador Resources during the 3rd quarter worth about $167,000. Teacher Retirement System of Texas bought a new position in Matador Resources during the 3rd quarter worth about $202,000. Crossmark Global Holdings Inc. bought a new position in Matador Resources during the 3rd quarter worth about $209,000. Finally, Parallel Advisors LLC increased its holdings in Matador Resources by 24.0% during the 2nd quarter. Parallel Advisors LLC now owns 8,659 shares of the energy company’s stock worth $210,000 after purchasing an additional 1,677 shares in the last quarter. 85.37% of the stock is currently owned by 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.

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