Matador Resources (NYSE:MTDR) Director Buys $24,994.80 in Stock

Matador Resources Company (NYSE:MTDR) Director Shelley Appel purchased 636 shares of Matador Resources stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $39.30 per share, for a total transaction of $24,994.80. Following the completion of the purchase, the director directly owned 65,011 shares in the company, valued at approximately $2,554,932.30. This trade represents a 0.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matador Resources Stock Performance

NYSE:MTDR opened at $37.18 on Thursday. The stock has a market capitalization of $4.62 billion, a P/E ratio of 5.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a 50 day moving average price of $44.83 and a 200 day moving average price of $46.19.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The company had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same period in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be given a dividend of $0.375 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, November 10th. Matador Resources’s dividend payout ratio is currently 23.96%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MTDR shares. KeyCorp cut their target price on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Mizuho cut their price objective on Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective (down from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Royal Bank Of Canada boosted their target price on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Bank of America cut their price target on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.57.

Hedge Funds Weigh In On Matador Resources

Several large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in Matador Resources by 123.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,873 shares of the energy company’s stock worth $85,000 after buying an additional 1,035 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Matador Resources by 3.2% during the 3rd quarter. Bessemer Group Inc. now owns 409,598 shares of the energy company’s stock worth $18,402,000 after acquiring an additional 12,619 shares in the last quarter. Gallacher Capital Management LLC raised its position in shares of Matador Resources by 25.7% during the 3rd quarter. Gallacher Capital Management LLC now owns 14,864 shares of the energy company’s stock worth $668,000 after acquiring an additional 3,038 shares in the last quarter. Savant Capital LLC lifted its stake in Matador Resources by 8.5% during the third quarter. Savant Capital LLC now owns 11,787 shares of the energy company’s stock worth $530,000 after purchasing an additional 923 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Matador Resources by 184.0% in the third quarter. Hantz Financial Services Inc. now owns 6,834 shares of the energy company’s stock valued at $307,000 after purchasing an additional 4,428 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Company Profile

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.