Matador Resources Co (NYSE:MTDR) CEO Joseph Wm Foran Buys 10,000 Shares of Stock

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Matador Resources Co (NYSE:MTDR) CEO Joseph Wm Foran acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were bought at an average price of $14.08 per share, for a total transaction of $140,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Joseph Wm Foran also recently made the following trade(s):

  • On Monday, November 18th, Joseph Wm Foran acquired 10,000 shares of Matador Resources stock. The shares were bought at an average price of $13.90 per share, for a total transaction of $139,000.00.
  • On Thursday, November 14th, Joseph Wm Foran acquired 10,000 shares of Matador Resources stock. The shares were bought at an average price of $14.30 per share, for a total transaction of $143,000.00.

Shares of NYSE MTDR opened at $14.08 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.67. The business’s 50 day moving average price is $14.22 and its 200-day moving average price is $16.31. Matador Resources Co has a fifty-two week low of $12.16 and a fifty-two week high of $24.66. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.82 and a beta of 2.05.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. Matador Resources had a return on equity of 7.51% and a net margin of 20.35%. The firm had revenue of $279.40 million for the quarter, compared to the consensus estimate of $227.69 million. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts predict that Matador Resources Co will post 1.07 earnings per share for the current year.

A number of equities research analysts have issued reports on MTDR shares. Northland Securities restated a “buy” rating and set a $22.00 price objective on shares of Matador Resources in a research report on Wednesday, October 30th. ValuEngine upgraded Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus set a $22.00 price objective on Matador Resources and gave the company a “buy” rating in a research report on Monday, September 30th. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $22.00 in a report on Friday, October 4th. Finally, Williams Capital reiterated a “buy” rating and issued a $26.00 price target on shares of Matador Resources in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.27.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Matador Resources in the second quarter worth approximately $30,000. Marshall Wace LLP purchased a new position in Matador Resources during the 1st quarter worth $74,000. Nisa Investment Advisors LLC increased its holdings in Matador Resources by 149.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock worth $64,000 after purchasing an additional 2,310 shares during the period. Denali Advisors LLC purchased a new position in Matador Resources during the 3rd quarter worth $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Matador Resources by 27.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,468 shares of the energy company’s stock worth $123,000 after purchasing an additional 1,630 shares during the period. Hedge funds and other institutional investors own 95.15% 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 in 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.

See Also: Short Selling

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

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