Key Points
- CEO Joseph Wm. Foran bought 10,000 Matador Resources shares for approximately $521,600 at an average price of $52.16, increasing his direct ownership by 64.03%. He also made several additional purchases recently.
- Matador reported stronger-than-expected quarterly results, with EPS of $2.61 versus the $2.08 consensus and revenue of $1.17 billion, up 32.5% year over year.
- The company declared a quarterly dividend of $0.375 per share, equal to an annualized $1.50 payout and a 2.8% dividend yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $66.07, though some targets were recently reduced.
Matador Resources Company (NYSE:MTDR - Get Free Report) CEO Joseph Wm Foran bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $51.44 per share, for a total transaction of $257,200.00. Following the transaction, the chief executive officer directly owned 30,617 shares in the company, valued at $1,574,938.48. This trade represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Joseph Wm Foran also recently made the following trade(s):
- On Wednesday, August 12th, Joseph Wm Foran purchased 10,000 shares of Matador Resources stock. The stock was bought at an average price of $52.16 per share, with a total value of $521,600.00.
- On Tuesday, August 11th, Joseph Wm Foran purchased 709 shares of Matador Resources stock. The stock was bought at an average cost of $51.68 per share, with a total value of $36,641.12.
- On Monday, August 10th, Joseph Wm Foran purchased 3,130 shares of Matador Resources stock. The stock was bought at an average cost 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 shares were bought at an average price 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 shares were bought 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 stock was purchased at an average price of $52.70 per share, with a total value of $25,401.40.
- On Wednesday, May 27th, Joseph Wm Foran bought 4,675 shares of Matador Resources stock. The stock was purchased at an average cost of $52.36 per share, with a total value of $244,783.00.
Matador Resources Stock Up 3.9%
MTDR stock opened at $53.61 on Friday. The stock's 50 day simple moving average is $51.13 and its 200 day simple moving average is $53.96. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. The company has a market cap of $6.63 billion, a P/E ratio of 9.20 and a beta of 0.76.
Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The company's quarterly revenue was up 32.5% on a year-over-year basis. On average, research analysts expect that Matador Resources Company will post 7.11 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, September 8th. Stockholders of record on Monday, August 10th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources's dividend payout ratio is presently 25.73%.
Analyst Ratings Changes
Several research firms recently issued reports on MTDR. UBS Group lifted their price target on shares of Matador Resources from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Zacks Research downgraded shares of Matador Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. KeyCorp dropped their price objective on shares of Matador Resources from $73.00 to $68.00 and set an "overweight" rating on the stock in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Matador Resources from $63.00 to $79.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Wall Street Zen raised shares of Matador Resources from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.07.
Check Out Our Latest Research Report on MTDR
More Matador Resources News
Here are the key news stories impacting Matador Resources this week:
- Positive Sentiment: CEO Joseph Wm. Foran purchased 10,000 shares for approximately $521,600 on August 12 and another 5,000 shares for $257,200 on August 13. These purchases followed additional recent buying, bringing his direct ownership to 30,617 shares. EVP William Thomas Elsener also bought 850 shares. The concentrated insider activity may signal that management views MTDR as undervalued. SEC insider transaction filing
- Positive Sentiment: Wells Fargo raised its price target from $63 to $79, implying significant potential upside, even while maintaining an “equal weight” rating. Siebert Williams Shank also reiterated a “buy” rating, supporting the view that analysts see additional value in the shares. Wells Fargo price target update Siebert Williams Shank rating
- Positive Sentiment: Matador’s second-quarter earnings exceeded expectations, with earnings per share of $2.61 versus the $2.08 consensus and revenue of $1.17 billion versus $1.06 billion expected. Revenue rose 32.5% year over year, reinforcing the company’s operating momentum. Matador Resources earnings information
- Positive Sentiment: Recent analysis highlights Matador’s midstream infrastructure and connectivity in the Delaware Basin, which may improve access to markets, increase acreage value and support the economics of future drilling. Delaware Basin midstream analysis
- Neutral Sentiment: Analysts give MTDR a consensus “Moderate Buy” rating, but recent target changes are mixed. KeyCorp lowered its target from $73 to $68 while retaining an “overweight” rating, suggesting continued confidence tempered by near-term uncertainty. Matador Resources analyst consensus KeyCorp price target update
- Negative Sentiment: Investors continue to monitor 2026 headwinds, including commodity-price conditions, production expectations and spending plans. These factors could limit the near-term benefit of the earnings beat and create volatility for the energy producer. Matador Resources earnings call analysis
Hedge Funds Weigh In On Matador Resources
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Matador Resources in the second quarter valued at approximately $573,936,000. Dimensional Fund Advisors LP lifted its holdings in Matador Resources by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company's stock worth $439,010,000 after acquiring an additional 277,839 shares during the period. State Street Corp lifted its holdings in Matador Resources by 1.9% during the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company's stock worth $195,982,000 after acquiring an additional 86,344 shares during the period. LSV Asset Management boosted its position in Matador Resources by 8.8% in the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company's stock worth $163,055,000 after purchasing an additional 309,708 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Matador Resources by 65.0% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.
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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