Key Points
- CEO Joseph Wm Foran purchased 400 shares of Matador Resources at an average price of $53.64, increasing his direct holdings by 1.31% to 31,017 shares. The purchase follows several additional insider acquisitions in recent months.
- Matador reported quarterly EPS of $2.61, beating estimates of $2.08, while revenue rose 32.5% year over year to $1.17 billion. The company also declared a quarterly dividend of $0.375 per share, yielding approximately 2.6% annually.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $66.07, compared with the stock’s reported price of $57.98. Institutional investors own approximately 91.98% of the company.
Matador Resources Company (NYSE:MTDR - Get Free Report) CEO Joseph Wm Foran acquired 400 shares of the firm's stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $53.64 per share, with a total value of $21,456.00. Following the completion of the transaction, the chief executive officer directly owned 31,017 shares in the company, valued at $1,663,751.88. This trade represents a 1.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Joseph Wm Foran also recently made the following trade(s):
- On Thursday, August 13th, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The shares were bought at an average cost of $51.44 per share, with a total value of $257,200.00.
- On Wednesday, August 12th, Joseph Wm Foran acquired 10,000 shares of Matador Resources stock. The stock was purchased at an average price of $52.16 per share, for a total transaction of $521,600.00.
- On Tuesday, August 11th, Joseph Wm Foran bought 709 shares of Matador Resources stock. The stock was purchased at an average price 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 shares were purchased at an average price of $51.04 per share, for a total transaction 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 purchased 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 purchased 482 shares of Matador Resources stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of $52.36 per share, for a total transaction of $244,783.00.
Matador Resources Stock Performance
NYSE:MTDR opened at $57.98 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.17 billion, a P/E ratio of 9.94 and a beta of 0.76. The firm has a 50-day moving average price of $51.27 and a two-hundred day moving average price of $54.31. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84.
Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned $1.53 earnings per share. The company's quarterly revenue was up 32.5% on a year-over-year basis. As a group, research analysts expect that Matador Resources Company will post 7.19 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. Investors of record on Monday, August 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 2.6%. Matador Resources's payout ratio is presently 25.73%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd grew its holdings in Matador Resources by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company's stock worth $47,000 after acquiring an additional 201 shares in the last quarter. Burford Brothers Inc. grew its stake in Matador Resources by 0.8% in the first quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company's stock worth $1,693,000 after purchasing an additional 225 shares in the last quarter. Fiduciary Trust Co increased its holdings in Matador Resources by 2.2% in the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company's stock valued at $531,000 after buying an additional 253 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Matador Resources by 2.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company's stock valued at $388,000 after buying an additional 254 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of Matador Resources by 3.5% in 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 institutional investors.
Wall Street Analysts Forecast Growth
MTDR has been the topic of a number of research analyst reports. Stephens raised their price target on Matador Resources from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. Morgan Stanley cut their price target on shares of Matador Resources from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Monday, June 29th. Zacks Research downgraded shares of Matador Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Truist Financial reduced their price objective on Matador Resources from $63.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Matador Resources in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.07.
Read Our Latest Stock 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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