Key Points
- Chief Accounting Officer Benjamin Colodney bought 500 shares for $25,760, raising his Matador Resources holdings by 3.82% to 13,579 shares.
- Matador reported quarterly earnings of $2.08 per share, beating the $1.85 consensus, while revenue of $1.39 billion exceeded estimates and increased 33.9% year over year.
- The company raised its quarterly dividend from $0.375 to $0.4375 per share, equivalent to an annualized dividend of $1.75 and a 3.5% yield.
Matador Resources Company (NYSE:MTDR - Get Free Report) CAO Benjamin Colodney acquired 500 shares of Matador Resources stock in a transaction on Thursday, November 5th. The shares were bought at an average cost of $51.52 per share, with a total value of $25,760.00. Following the completion of the purchase, the chief accounting officer owned 13,579 shares in the company, valued at $699,590.08. The trade was a 3.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Matador Resources Stock Down 1.0%
Matador Resources stock opened at $49.87 on Friday. Matador Resources Company has a twelve month low of $37.74 and a twelve month high of $66.84. The stock has a 50 day moving average of $56.33 and a two-hundred day moving average of $54.47. The company has a current ratio of 0.55, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 8.60 and a beta of 0.93.
Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.23. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.12 billion. Matador Resources had a return on equity of 14.32% and a net margin of 18.60%. The company's revenue was up 33.9% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. As a group, research analysts expect that Matador Resources Company will post 8.11 earnings per share for the current year.
Matador Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.4375 per share. This is a boost from Matador Resources's previous quarterly dividend of $0.3750. This represents a $1.75 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 10th. Matador Resources's dividend payout ratio is 25.73%.
Hedge Funds Weigh In On Matador Resources
A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Matador Resources in the 2nd quarter valued at approximately $573,936,000. Bank of New York Mellon Corp purchased a new stake in shares of Matador Resources in the second quarter valued at approximately $56,161,000. Bank of America Corp DE purchased a new stake in shares of Matador Resources in the second quarter valued at approximately $42,184,000. Value Holdings Management CO. LLC acquired a new position in Matador Resources during the second quarter worth $41,532,000. Finally, First Trust Advisors LP grew its holdings in Matador Resources by 103.3% during the first quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company's stock worth $100,798,000 after acquiring an additional 810,808 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on MTDR shares. Stephens boosted their price objective on shares of Matador Resources from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Stifel Nicolaus started coverage on shares of Matador Resources in a research report on Thursday, September 10th. They set a "buy" rating and a $66.00 price objective for the company. Mizuho reduced their target price on shares of Matador Resources from $77.00 to $71.00 and set an "outperform" rating for the company in a research note on Monday, October 19th. Morgan Stanley lifted their target price on shares of Matador Resources from $66.00 to $69.00 and gave the company an "equal weight" rating in a report on Thursday, October 15th. Finally, KeyCorp lifted their target price on shares of Matador Resources from $68.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, September 15th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Matador Resources has an average rating of "Moderate Buy" and an average price target of $68.50.
Check Out Our Latest Report on Matador Resources
Matador Resources News Roundup
Here are the key news stories impacting Matador Resources this week:
- Positive Sentiment: Matador reported Q3 EPS of $2.08, above the $1.85 consensus, and revenue of $1.39 billion versus $1.12 billion expected. Revenue rose 33.9% year over year. The company also raised its dividend by 17%. Matador Resources Q3 2026: Six Straight Beats, Dividend Up 17%
- Positive Sentiment: Truist raised its price target to $66 from $65 and maintained a Buy rating; Stifel Nicolaus also reaffirmed its Buy rating. Stifel Nicolaus Reaffirms Buy Rating
- Positive Sentiment: CFO Christopher Calvert bought 2,000 shares for about $105,140, increasing his direct holding by 4.55%—a potential signal of confidence from an insider. SEC Form 4 filing
- Neutral Sentiment: Matador secured new long-term gas agreements in the Delaware Basin, providing commercial support for its gas production. Matador Secures New Long-Term Gas Agreements
- Negative Sentiment: A Q3 analysis highlighted margin compression despite production growth, which may temper the impact of the earnings beat and help explain why the shares have not responded more strongly to positive news. MTDR Q3 2026 Deep Dive
About Matador Resources
(
Get Free Report)
Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.
Matador's principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company's operations and other producers in the region.
Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
