Matador Resources (NYSE:MTDR) EVP Bryan A. Erman Buys 1,000 Shares

Matador Resources (NYSE:MTDR) EVP Bryan A. Erman acquired 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $50.35 per share, with a total value of $50,350.00. Following the completion of the purchase, the executive vice president now owns 2,750 shares in the company, valued at approximately $138,462.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Stock Down 1.6 %

MTDR opened at $50.66 on Monday. The firm has a market cap of $6.32 billion, a P/E ratio of 6.94 and a beta of 3.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The business has a 50 day moving average price of $58.28 and a 200 day moving average price of $61.56. Matador Resources has a twelve month low of $50.16 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. During the same period last year, the business posted $1.42 EPS. Matador Resources’s revenue was up 32.8% compared to the same quarter last year. Research analysts forecast that Matador Resources will post 7.83 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, August 15th. Matador Resources’s dividend payout ratio is currently 10.96%.

Institutional Investors Weigh In On Matador Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. M&T Bank Corp increased its position in shares of Matador Resources by 10.2% during the fourth quarter. M&T Bank Corp now owns 6,658 shares of the energy company’s stock valued at $378,000 after purchasing an additional 616 shares during the period. Private Advisor Group LLC raised its position in Matador Resources by 12.9% in the fourth quarter. Private Advisor Group LLC now owns 46,008 shares of the energy company’s stock worth $2,616,000 after purchasing an additional 5,274 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Matador Resources by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,882 shares of the energy company’s stock worth $84,203,000 after purchasing an additional 52,005 shares during the period. BNP Paribas Financial Markets boosted its stake in Matador Resources by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 137,194 shares of the energy company’s stock valued at $7,801,000 after buying an additional 91,030 shares in the last quarter. Finally, Jump Financial LLC grew its position in Matador Resources by 208.3% in the fourth quarter. Jump Financial LLC now owns 19,846 shares of the energy company’s stock valued at $1,128,000 after acquiring an additional 13,408 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the subject of several research reports. Truist Financial decreased their price target on shares of Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a report on Thursday, July 25th. TD Cowen boosted their target price on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Mizuho upped their target price on Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, Stephens lowered their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.17.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.