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.

Several research firms have recently weighed in on MTDR. Stephens raised Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $22.00 to $24.00 in a research report 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 report 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 report on Friday, June 7th. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. Finally, ValuEngine raised Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Matador Resources has an average rating of “Buy” and a consensus price target of $32.40.

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

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