Matador Resources (NYSE:MTDR) CAO Benjamin Colodney Purchases 250 Shares

Matador Resources Company (NYSE:MTDRGet Free Report) CAO Benjamin Colodney bought 250 shares of the business’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $53.41 per share, for a total transaction of $13,352.50. Following the transaction, the chief accounting officer owned 2,650 shares of the company’s stock, valued at $141,536.50. This trade represents a 10.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matador Resources Stock Down 0.1%

Shares of NYSE MTDR opened at $55.99 on Wednesday. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 14.39 and a beta of 0.74. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The business’s 50 day moving average is $59.36 and its two-hundred day moving average is $50.59.

Matador Resources (NYSE:MTDRGet Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The company had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.99 earnings per share. Research analysts predict that Matador Resources Company will post 7.36 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. Matador Resources’s dividend payout ratio is currently 38.56%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent research reports. UBS Group upped their price objective on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Wells Fargo & Company upped their price objective on Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Citigroup cut their price objective on Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Mizuho upped their price objective on Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $65.00 price objective (up from $52.00) on shares of Matador Resources in a research report on Wednesday, April 8th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $65.08.

Check Out Our Latest Analysis on Matador Resources

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Hedge Funds Weigh In On Matador Resources

Several large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd increased its holdings in Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after buying an additional 201 shares during the last quarter. Burford Brothers Inc. increased its holdings in Matador Resources by 0.8% in the first quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company’s stock valued at $1,693,000 after buying an additional 225 shares during the last quarter. Fiduciary Trust Co increased its holdings in Matador Resources by 2.2% in the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after buying an additional 253 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Matador Resources by 2.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock valued at $388,000 after buying an additional 254 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Matador Resources by 3.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock valued at $349,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Company Profile

(Get Free Report)

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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