Matador Resources (NYSE:MTDR) CEO Purchases $521,600.00 in Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran acquired 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $52.16 per share, with a total value of $521,600.00. Following the completion of the transaction, the chief executive officer directly owned 25,617 shares of the company’s stock, valued at $1,336,182.72. The trade was a 64.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Joseph Wm Foran also recently made the following trade(s):

• On Thursday, August 13th, Joseph Wm Foran bought 5,000 shares of Matador Resources stock. The shares were purchased at an average cost of $51.44 per share, with a total value of $257,200.00.
• On Tuesday, August 11th, Joseph Wm Foran purchased 709 shares of Matador Resources stock. The shares were purchased at an average cost of $51.68 per share, for a total transaction of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran acquired 3,130 shares of Matador Resources stock. The stock was acquired at an average cost of $51.04 per share, with a total value of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The shares were acquired at an average price 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 stock was bought at an average price of $56.25 per share, with a total value of $112,500.00.
• On Friday, May 29th, Joseph Wm Foran purchased 482 shares of Matador Resources stock. The stock was purchased at an average price of $52.70 per share, for a total transaction of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran acquired 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 Trading Down 1.7%

NYSE MTDR opened at $51.59 on Friday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 8.85 and a beta of 0.76. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84. The business has a 50 day moving average price of $51.13 and a 200-day moving average price of $53.96. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.Matador Resources’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. As a group, equities analysts expect that Matador Resources Company will post 7.11 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. Matador Resources’s dividend payout ratio is currently 25.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MTDR shares. KeyCorp cut their target price on Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Citigroup cut their target price on Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, UBS Group lifted their price target on Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.07.

Key Stories Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Analysts maintain an overall “Moderate Buy” rating on MTDR. Wells Fargo raised its price target from $63 to $79 while keeping an “equal weight” rating, implying substantial potential upside from the referenced $51.59 level. Wells Fargo price target update
• Positive Sentiment: Siebert Williams Shank & Co. reiterated a “Buy” rating, reinforcing the bullish analyst view. The broader consensus target is approximately $65.29. Siebert Williams Shank rating
• Positive Sentiment: Matador’s Delaware Basin expansion remains a key growth driver. Its Permian acreage and associated infrastructure could support production growth and improve the value of future development. Delaware Basin expansion analysis
• Positive Sentiment: Management buying provides an additional confidence signal: CEO Joseph Wm. Foran purchased 3,130 shares for about $159,755 and another 709 shares for about $36,641, while EVP William Elsener bought 850 shares for roughly $43,299. Matador Resources insider buying
• Positive Sentiment: The company recently reported a strong second quarter, beating earnings and revenue estimates, with revenue up 32.5% year over year. Its quarterly dividend equates to $1.50 annually, or roughly a 2.9% yield based on the referenced price.
• Neutral Sentiment: KeyCorp lowered its target from $73 to $68 but retained an “overweight” rating, highlighting disagreement over valuation and the outlook for oil and gas prices. KeyCorp price target update

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cetera Trust Company N.A purchased a new stake in Matador Resources in the 2nd quarter worth about $237,000. Sanctuary Advisors LLC purchased a new stake in Matador Resources during the second quarter valued at about $355,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Matador Resources during the second quarter valued at about $4,176,000. Bank of Nova Scotia bought a new position in Matador Resources during the second quarter worth about $340,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Matador Resources during the second quarter worth about $425,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Company Profile

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.