Matador Resources Co (NYSE:MTDR) Director Purchases $54,932.50 in Stock
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 acquired at an average cost of $15.05 per share, with a total value of $54,932.50. Following the completion of the transaction, the director now owns 19,879 shares in the company, valued at approximately $299,178.95. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Matador Resources stock traded up $0.14 during midday trading on Monday, reaching $15.50. The stock had a trading volume of 2,727,869 shares, compared to its average volume of 3,132,037. Matador Resources Co has a 12 month low of $13.97 and a 12 month high of $34.90. The company has a market cap of $1.77 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.78 and a beta of 1.96. The business has a fifty day moving average price of $17.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.81 and a quick ratio of 0.75.
Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $210.42 million. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Matador Resources Co will post 1.1 EPS for the current year.
A number of institutional investors have recently modified their holdings of the stock. Private Capital Group LLC boosted its stake in Matador Resources by 91.5% during the 1st quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after purchasing an additional 1,071 shares during the last quarter. Marshall Wace LLP acquired a new position in Matador Resources during the 1st quarter valued at about $74,000. Zions Bancorporation N.A. acquired a new position in Matador Resources during the 1st quarter valued at about $91,000. Gradient Investments LLC acquired a new position in Matador Resources during the 1st quarter valued at about $102,000. Finally, Starr International Co. Inc. acquired a new position in Matador Resources during the 1st quarter valued at about $192,000. 94.96% 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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