Key Points
- CEO Joseph Wm Foran bought 468 shares at an average price of $49.78 on Feb. 27, raising his stake 25.24% to 2,322 shares valued at about $115,589.
- Matador beat the quarter's estimates with EPS of $0.87 vs. $0.71 and revenue of $847.99M vs. $811.13M, although revenue was down 15.7% year‑over‑year.
- The company declared a quarterly dividend of $0.375 (annualized $1.50, yield ~2.8%; ex‑dividend Feb. 27, payable Mar. 10) and carries an average analyst rating of "Moderate Buy" with a $57.82 target.
Matador Resources Company (NYSE:MTDR - Get Free Report) CEO Joseph Wm Foran bought 468 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $49.78 per share, with a total value of $23,297.04. Following the purchase, the chief executive officer owned 2,322 shares of the company's stock, valued at $115,589.16. The trade was a 25.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Matador Resources Stock Down 1.0%
MTDR stock opened at $53.56 on Wednesday. The stock has a market cap of $6.65 billion, a P/E ratio of 8.78 and a beta of 1.07. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $55.29. The company's 50 day moving average is $45.40 and its two-hundred day moving average is $44.52.
Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. During the same period last year, the firm posted $1.83 EPS. The company's revenue was down 15.7% on a year-over-year basis. Research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.
Matador Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th. Matador Resources's payout ratio is presently 24.59%.
Institutional Investors Weigh In On Matador Resources
Institutional investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. lifted its position in shares of Matador Resources by 143.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company's stock valued at $121,995,000 after acquiring an additional 1,505,000 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Matador Resources in the third quarter valued at approximately $61,615,000. Wellington Management Group LLP increased its stake in shares of Matador Resources by 65.0% during the 4th quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company's stock worth $144,558,000 after purchasing an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Matador Resources during the 4th quarter worth approximately $53,249,000. Finally, LSV Asset Management raised its position in shares of Matador Resources by 45.7% during the 2nd quarter. LSV Asset Management now owns 3,334,775 shares of the energy company's stock worth $159,135,000 after purchasing an additional 1,045,396 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. UBS Group boosted their price objective on Matador Resources from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, December 12th. Morgan Stanley reduced their target price on shares of Matador Resources from $56.00 to $52.00 and set an "equal weight" rating for the company in a report on Friday, January 23rd. KeyCorp restated an "overweight" rating on shares of Matador Resources in a research report on Friday, December 19th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Matador Resources in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada dropped their target price on Matador Resources from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.82.
View Our Latest Research Report on Matador Resources
About Matador Resources
(
Get Free Report)
Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.
Matador's core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.
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