Matador Resources Company (MTDR) Director David M. Posner Purchases 4,115 Shares
Matador Resources Company (NYSE:MTDR) Director David M. Posner bought 4,115 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the acquisition, the director now directly owns 6,274 shares in the company, valued at approximately $151,203.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Matador Resources Company (MTDR) traded down 0.45% during mid-day trading on Thursday, hitting $24.17. The stock had a trading volume of 1,558,575 shares. The firm’s 50-day moving average is $22.57 and its 200 day moving average is $23.53. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 12.49 and a beta of 1.20. Matador Resources Company has a 12 month low of $19.99 and a 12 month high of $28.51.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The firm’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) earnings per share. Equities analysts anticipate that Matador Resources Company will post $0.47 EPS for the current fiscal year.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Matador Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Scotiabank reissued a “buy” rating and set a $26.00 target price on shares of Matador Resources in a report on Thursday, August 3rd. KLR Group boosted their target price on Matador Resources from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 target price on shares of Matador Resources in a report on Thursday, July 20th. Finally, ValuEngine raised Matador Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.63.
Several institutional investors have recently made changes to their positions in MTDR. FMR LLC bought a new position in shares of Matador Resources during the fourth quarter valued at $3,187,000. Guggenheim Capital LLC boosted its position in shares of Matador Resources by 24.6% in the fourth quarter. Guggenheim Capital LLC now owns 22,546 shares of the energy company’s stock valued at $581,000 after buying an additional 4,454 shares during the period. AQR Capital Management LLC bought a new position in shares of Matador Resources during the fourth quarter valued at $204,000. Norges Bank bought a new position in shares of Matador Resources during the fourth quarter valued at $5,499,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Matador Resources by 12.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 591,964 shares of the energy company’s stock valued at $15,249,000 after buying an additional 67,180 shares during the period. Institutional investors own 86.56% of the company’s stock.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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