Matador Resources (NYSE:MTDR) Director Acquires $15,030.00 in Stock

Matador Resources (NYSE:MTDR) Director Shelley F. Appel bought 300 shares of the stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $50.10 per share, for a total transaction of $15,030.00. Following the purchase, the director now owns 57,541 shares of the company’s stock, valued at approximately $2,882,804.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matador Resources Stock Down 1.4 %

Shares of NYSE:MTDR opened at $49.19 on Wednesday. Matador Resources has a 52-week low of $48.83 and a 52-week high of $71.08. The company has a market capitalization of $6.14 billion, a PE ratio of 6.74 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 company has a fifty day moving average of $57.87 and a 200-day moving average of $61.40.

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

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.63%. 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

A number of institutional investors have recently modified their holdings of MTDR. Denver PWM LLC acquired a new position in Matador Resources in the second quarter valued at $27,000. Covestor Ltd lifted its stake in shares of Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares during the period. Rise Advisors LLC acquired a new stake in Matador Resources during the first quarter worth approximately $34,000. Lindbrook Capital LLC grew its stake in Matador Resources by 84.3% during the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after purchasing an additional 273 shares during the period. Finally, Quarry LP increased its holdings in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MTDR. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Mizuho lifted their price objective on shares of Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. TD Cowen increased their target price on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Matador Resources in a report on Thursday, July 25th. Finally, Truist Financial cut their price target on Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.17.

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.