Matador Resources (NYSE:MTDR) Director Monika U. Ehrman Acquires 300 Shares

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman acquired 300 shares of Matador Resources stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $40.31 per share, with a total value of $12,093.00. Following the completion of the purchase, the director now owns 36,867 shares in the company, valued at approximately $1,486,108.77. This represents a 0.82 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Matador Resources Trading Up 0.1 %

Shares of MTDR stock opened at $42.73 on Friday. Matador Resources has a 12 month low of $35.19 and a 12 month high of $66.89. The company has a market cap of $5.35 billion, a PE ratio of 5.98 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $44.28 and its two-hundred day moving average is $52.58.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. During the same period last year, the business posted $1.71 EPS. Matador Resources’s revenue was up 28.7% compared to the same quarter last year. Equities analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources declared that its Board of Directors has approved a stock buyback program on Wednesday, April 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.93%. Matador Resources’s payout ratio is 16.78%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CenterBook Partners LP bought a new position in Matador Resources during the first quarter worth $330,000. Vanguard Group Inc. increased its holdings in shares of Matador Resources by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after purchasing an additional 956,090 shares during the period. Blair William & Co. IL bought a new position in shares of Matador Resources during the 1st quarter worth about $409,000. PNC Financial Services Group Inc. raised its position in shares of Matador Resources by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 11,842 shares of the energy company’s stock valued at $605,000 after buying an additional 460 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Matador Resources in the first quarter valued at about $317,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of research analyst reports. Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. KeyCorp dropped their price target on shares of Matador Resources from $72.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada reduced their price objective on Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley dropped their target price on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

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.