Matador Resources (NYSE:MTDR) Director Monika U. Ehrman Acquires 180 Shares of Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman bought 180 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $57.49 per share, for a total transaction of $10,348.20. Following the completion of the acquisition, the director now directly owns 36,267 shares in the company, valued at approximately $2,084,989.83. This trade represents a 0.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $55.69 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The firm’s 50-day simple moving average is $55.53 and its 200 day simple moving average is $56.27. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 7.38 and a beta of 3.26. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. Matador Resources’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, research analysts anticipate that Matador Resources will post 7.49 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Truist Financial lowered their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Friday, December 6th. Finally, Wells Fargo & Company lifted their price objective on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $75.31.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MTDR. Denver PWM LLC bought a new position in Matador Resources in the 2nd quarter valued at $27,000. True Wealth Design LLC purchased a new stake in Matador Resources during the third quarter worth about $37,000. Avior Wealth Management LLC raised its position in Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after acquiring an additional 635 shares during the period. Quarry LP boosted its stake in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after purchasing an additional 644 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

About Matador Resources

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.