Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Buys 3,130 Shares of Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran purchased 3,130 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $51.04 per share, with a total value of $159,755.20. Following the acquisition, the chief executive officer owned 14,908 shares in the company, valued at approximately $760,904.32. The trade was a 26.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 11th, Joseph Wm Foran acquired 709 shares of Matador Resources stock. The stock was purchased at an average cost of $51.68 per share, for a total transaction of $36,641.12.
• On Tuesday, June 9th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The shares were purchased at an average price of $53.07 per share, with a total value of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The shares were purchased at an average cost of $56.25 per share, with a total value of $112,500.00.
• On Friday, May 29th, Joseph Wm Foran bought 482 shares of Matador Resources stock. The stock was purchased at an average price of $52.70 per share, for a total transaction of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran purchased 4,675 shares of Matador Resources stock. The shares were purchased at an average cost of $52.36 per share, for a total transaction of $244,783.00.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $52.45 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $51.21 and a two-hundred day moving average price of $53.90. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The company has a market cap of $6.49 billion, a P/E ratio of 9.00 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $1.53 EPS. The firm’s revenue was up 32.5% compared to the same quarter last year. As a group, analysts anticipate that Matador Resources Company will post 7.11 EPS for the current year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. Matador Resources’s dividend payout ratio (DPR) is 25.73%.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Matador Resources during the second quarter worth about $4,176,000. Bank of Nova Scotia bought a new stake in Matador Resources in the 2nd quarter worth about $340,000. Elevation Point Wealth Partners LLC purchased a new stake in Matador Resources in the 2nd quarter valued at about $425,000. Commerce Bank purchased a new stake in Matador Resources in the 2nd quarter valued at about $390,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Matador Resources during the 2nd quarter worth approximately $1,160,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

More Matador Resources News

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: CEO Joseph Wm. Foran bought 3,839 shares worth approximately $196,396 across August 10–11, increasing his direct position substantially. EVP William Thomas Elsener also purchased 850 shares for about $43,299. Insider buying can signal that company leadership views the current valuation as attractive. CEO insider purchase SEC filing EVP insider purchase SEC filing
• Positive Sentiment: UBS issued a bullish forecast calling for strong price appreciation in MTDR, adding support to the investment case. UBS forecast article
• Neutral Sentiment: A follow-up report on Matador’s second-quarter earnings call highlights five analyst questions, suggesting investors are focused on the company’s outlook and management commentary after its better-than-expected results. Matador Resources Q2 earnings call analysis
• Negative Sentiment: Citigroup lowered its price target from $68 to $60, reflecting more modest upside expectations, although it maintained a Buy rating. The revised target still implies approximately 14.4% potential appreciation from the referenced share price. Citigroup price target report
• Negative Sentiment: Truist issued a pessimistic forecast for Matador Resources, contrasting with UBS’s bullish view and contributing to uncertainty around the stock’s near-term valuation. Truist forecast article

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group raised their price target on shares of Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company raised their target price on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Roth Capital raised Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Monday, June 22nd. Stephens boosted their price objective on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Truist Financial cut their target price on Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.29.

About Matador Resources

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.