Key Points
- CEO Joseph Wm. Foran bought 3,130 Matador Resources shares at an average $51.04, investing approximately $159,755 and increasing his direct ownership by 26.57% to 14,908 shares.
- Matador reported quarterly EPS of $2.61, beating the $2.08 consensus estimate, while revenue rose 32.5% year over year to $1.17 billion.
- The company declared a quarterly dividend of $0.375, equivalent to $1.50 annually and a 2.9% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $65.29.
Matador Resources Company (NYSE:MTDR - Get Free Report) CEO Joseph Wm Foran purchased 709 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $51.68 per share, for a total transaction of $36,641.12. Following the completion of the purchase, the chief executive officer owned 15,617 shares of the company's stock, valued at approximately $807,086.56. This trade represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Joseph Wm Foran also recently made the following trade(s):
- On Monday, August 10th, Joseph Wm Foran acquired 3,130 shares of Matador Resources stock. The stock was purchased at an average price of $51.04 per share, with a total value of $159,755.20.
- On Tuesday, June 9th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The stock was acquired at an average cost of $53.07 per share, for a total transaction of $106,140.00.
- On Thursday, June 4th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The stock was acquired at an average cost of $56.25 per share, for a total transaction of $112,500.00.
- On Friday, May 29th, Joseph Wm Foran bought 482 shares of Matador Resources stock. The shares were acquired at an average price of $52.70 per share, for a total transaction of $25,401.40.
- On Wednesday, May 27th, Joseph Wm Foran bought 4,675 shares of Matador Resources stock. The shares were acquired at an average cost of $52.36 per share, with a total value of $244,783.00.
Matador Resources Stock Down 0.3%
MTDR opened at $52.45 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. The business has a 50 day simple moving average of $51.21 and a 200-day simple moving average of $53.90. The stock has a market capitalization of $6.49 billion, a P/E ratio of 9.00 and a beta of 0.76. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84.
Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $1.53 earnings per share. The company's revenue for the quarter was up 32.5% compared to the same quarter last year. On average, equities analysts anticipate that Matador Resources Company will post 7.11 earnings per share for the current fiscal year.
Matador Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.9%. Matador Resources's dividend payout ratio (DPR) is 25.73%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on MTDR shares. Roth Capital raised shares of Matador Resources from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a research note on Monday, June 22nd. Mizuho raised shares of Matador Resources to a "strong-buy" rating in a report on Friday, July 31st. Truist Financial decreased their price objective on shares of Matador Resources from $63.00 to $59.00 and set a "buy" rating on the stock in a report on Monday. Citigroup lowered their target price on shares of Matador Resources from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Matador Resources from $54.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus target price of $65.29.
Read Our Latest Stock Report on Matador Resources
Trending Headlines about Matador Resources
Here are the key news stories impacting Matador Resources this week:
- Positive Sentiment: CEO Joseph Wm. Foran bought 3,130 shares for approximately $159,755 and then purchased another 709 shares, while EVP William Thomas Elsener bought 850 shares for roughly $43,299. The concentrated buying by senior executives may signal that management considers MTDR attractively valued after its recent weakness. Matador Resources insider buying report
- Positive Sentiment: Matador’s second-quarter earnings exceeded expectations, with adjusted earnings of $2.61 per share versus the $2.08 consensus estimate and revenue of $1.17 billion versus forecasts of $1.06 billion. Revenue increased 32.5% year over year, strengthening the fundamental case for the energy producer. Matador Resources financial information
- Positive Sentiment: An analysis argues that Matador’s midstream connectivity increases the value of its Delaware Basin acreage, potentially improving infrastructure access and supporting the economics of future development. Matador Resources midstream connectivity analysis
- Neutral Sentiment: Analysts continue to scrutinize management’s outlook and answers from the second-quarter earnings call, indicating that future production, commodity prices and 2026 spending remain important valuation factors. Matador Resources earnings call analysis
- Negative Sentiment: Citigroup reduced its price target from $68 to $60, and Truist reportedly issued a more pessimistic outlook. Although both firms retain constructive elements, the target reductions highlight concerns about 2026 headwinds and temper the impact of the earnings beat. Citigroup price target update Truist forecast report
Institutional Trading of Matador Resources
A number of institutional investors have recently bought and sold shares of MTDR. Altshuler Shaham Ltd grew its position in Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company's stock worth $47,000 after buying an additional 201 shares during the last quarter. Burford Brothers Inc. increased its holdings in shares of Matador Resources by 0.8% in the first quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company's stock valued at $1,693,000 after buying an additional 225 shares in the last quarter. Fiduciary Trust Co lifted its position in shares of Matador Resources by 2.2% during the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company's stock valued at $531,000 after acquiring an additional 253 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Matador Resources by 2.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company's stock valued at $388,000 after acquiring an additional 254 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Matador Resources by 3.5% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company's stock worth $349,000 after acquiring an additional 278 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
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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