Matador Resources (NYSE:MTDR – Get Rating) EVP William Thomas Elsener acquired 500 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was bought at an average cost of $45.78 per share, for a total transaction of $22,890.00. Following the completion of the transaction, the executive vice president now directly owns 92,201 shares of the company’s stock, valued at $4,220,961.78. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Matador Resources Trading Down 4.7 %
NYSE MTDR opened at $43.45 on Friday. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 4.29 and a beta of 3.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.83. Matador Resources has a 12 month low of $41.17 and a 12 month high of $73.78. The company’s fifty day moving average price is $58.51 and its two-hundred day moving average price is $59.86.
Matador Resources (NYSE:MTDR – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The energy company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.95 by $0.13. The business had revenue of $707.48 million for the quarter, compared to analysts’ expectations of $651.11 million. Matador Resources had a net margin of 39.71% and a return on equity of 44.14%. During the same quarter last year, the company posted $1.26 earnings per share. As a group, research analysts predict that Matador Resources will post 8.72 earnings per share for the current fiscal year.
Matador Resources Increases Dividend
Analyst Ratings Changes
Several equities research analysts recently commented on MTDR shares. Cowen raised their target price on Matador Resources from $67.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Roth Capital reiterated a “buy” rating on shares of Matador Resources in a research note on Friday, February 17th. Truist Financial decreased their target price on shares of Matador Resources from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. KeyCorp lowered their price target on shares of Matador Resources from $73.00 to $67.00 in a report on Monday, February 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $78.00 price objective on shares of Matador Resources in a research report on Thursday, February 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.25.
Institutional Investors Weigh In On Matador Resources
Institutional investors and hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. bought a new stake in Matador Resources during the second quarter valued at $1,767,000. Renaissance Technologies LLC lifted its holdings in shares of Matador Resources by 237.4% in the 2nd quarter. Renaissance Technologies LLC now owns 365,400 shares of the energy company’s stock worth $17,024,000 after purchasing an additional 257,100 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Matador Resources by 483.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 92,806 shares of the energy company’s stock valued at $4,324,000 after purchasing an additional 76,913 shares during the period. Prudential PLC grew its stake in Matador Resources by 23.7% during the 3rd quarter. Prudential PLC now owns 16,507 shares of the energy company’s stock worth $808,000 after buying an additional 3,168 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in Matador Resources by 39.2% in the third quarter. BlueCrest Capital Management Ltd now owns 198,582 shares of the energy company’s stock worth $9,715,000 after buying an additional 55,928 shares during the period. 87.00% of the stock is owned by institutional investors and hedge funds.
Matador Resources Company Profile
Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.
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