Matador Resources (NYSE:MTDR) Director Shelley Appel Purchases 275 Shares of Company Stock

Matador Resources Company (NYSE:MTDR – Get Free Report) Director Shelley Appel acquired 275 shares of Matador Resources stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $13,818.75. Following the purchase, the director directly owned 2,059 shares in the company, valued at $103,464.75. The trade was a 15.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matador Resources Stock Down 0.9%

Shares of NYSE MTDR opened at $49.98 on Tuesday. Matador Resources Company has a 52-week low of $38.80 and a 52-week high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.55. The stock has a market cap of $6.18 billion, a P/E ratio of 8.62 and a beta of 0.93. The firm has a 50 day moving average price of $56.08 and a 200 day moving average price of $54.54.

Matador Resources (NYSE:MTDR – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. Analysts expect that Matador Resources Company will post 8.34 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 10th will be given a $0.4375 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Matador Resources’s previous quarterly dividend of $0.3750. Matador Resources’s dividend payout ratio is currently 25.86%.

Analyst Ratings Changes

Several brokerages recently commented on MTDR. Wall Street Zen raised Matador Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Scotiabank started coverage on Matador Resources in a research note on Thursday, October 15th. They issued a “sector perform” rating and a $59.00 target price for the company. Seaport Research Partners assumed coverage on Matador Resources in a report on Thursday, September 3rd. They issued a “neutral” rating for the company. Citigroup lowered their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Stifel Nicolaus started coverage on Matador Resources in a research report on Thursday, September 10th. They set a “buy” rating and a $66.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

Get Our Latest Stock Report on Matador Resources

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in shares of Matador Resources by 156.6% during the third quarter. Intech Investment Management LLC now owns 73,702 shares of the energy company’s stock worth $3,802,000 after acquiring an additional 44,980 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Matador Resources by 27.7% during the third quarter. Hantz Financial Services Inc. now owns 9,974 shares of the energy company’s stock worth $514,000 after acquiring an additional 2,165 shares during the period. Royce & Associates LP raised its holdings in shares of Matador Resources by 0.4% during the third quarter. Royce & Associates LP now owns 374,831 shares of the energy company’s stock worth $19,334,000 after acquiring an additional 1,337 shares during the period. Diversified Trust Co lifted its position in Matador Resources by 1.8% in the 3rd quarter. Diversified Trust Co now owns 24,436 shares of the energy company’s stock valued at $1,260,000 after acquiring an additional 434 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Matador Resources by 27.6% in the 3rd quarter. Allworth Financial LP now owns 1,621 shares of the energy company’s stock valued at $81,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Key Headlines Impacting Matador Resources

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

Matador Resources Company Profile

(Get Free Report)

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas.

Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.

Matador was founded in 2003 and is headquartered in Dallas, Texas.

Featured Stories

Insider Buying and Selling by Quarter for Matador Resources (NYSE:MTDR)

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.