Insider Buying: Matador Resources (NYSE:MTDR) Director Buys 305 Shares of Stock

Matador Resources (NYSE:MTDR - Get Free Report) Director Monika U. Ehrman purchased 305 shares of the stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of $50.92 per share, for a total transaction of $15,530.60. Following the completion of the acquisition, the director now owns 36,087 shares of the company's stock, valued at approximately $1,837,550.04. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matador Resources Trading Up 0.7 %

NYSE:MTDR traded up $0.37 during trading hours on Thursday, hitting $52.09. The company had a trading volume of 2,420,517 shares, compared to its average volume of 1,541,049. The company has a market capitalization of $6.50 billion, a PE ratio of 6.90 and a beta of 3.26. The stock has a 50-day moving average price of $52.42 and a 200 day moving average price of $57.74. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million for the quarter, compared to analysts' expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. On average, equities research analysts predict that Matador Resources will post 7.42 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.92%. This is a boost from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's payout ratio is 13.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTDR shares. Benchmark reaffirmed a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a research note on Wednesday, October 23rd. KeyCorp lowered their target price on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Wolfe Research started coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. BMO Capital Markets increased their price target on shares of Matador Resources from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Finally, TD Cowen increased their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Matador Resources currently has a consensus rating of "Moderate Buy" and an average target price of $74.92.

Institutional Trading of Matador Resources

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new position in Matador Resources during the first quarter valued at $828,000. Prevail Innovative Wealth Advisors LLC increased its holdings in Matador Resources by 28.6% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company's stock worth $2,481,000 after buying an additional 8,254 shares in the last quarter. Capstone Investment Advisors LLC increased its holdings in Matador Resources by 1,029.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 76,032 shares of the energy company's stock worth $5,077,000 after buying an additional 69,298 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Matador Resources by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock worth $73,768,000 after buying an additional 53,322 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Matador Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock valued at $742,797,000 after purchasing an additional 103,713 shares during the period. Institutional investors own 91.98% of the company's stock.

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.