Matador Resources Co (MTDR) Director David M. Posner Acquires 1,035 Shares of Stock

Matador Resources Co (NYSE:MTDR) Director David M. Posner purchased 1,035 shares of Matador Resources stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $28.92 per share, with a total value of $29,932.20. Following the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at $181,444.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Matador Resources Co (NYSE:MTDR) traded down $0.43 during mid-day trading on Wednesday, hitting $27.89. 865,500 shares of the stock were exchanged, compared to its average volume of 1,541,302. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. The company has a market capitalization of $3,071.22, a price-to-earnings ratio of 52.44, a PEG ratio of 1.39 and a beta of 1.16. Matador Resources Co has a twelve month low of $20.13 and a twelve month high of $29.76.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The business had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. equities analysts predict that Matador Resources Co will post 0.63 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. raised its position in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after acquiring an additional 2,727 shares in the last quarter. LS Investment Advisors LLC bought a new stake in Matador Resources during the second quarter worth $155,000. Oregon Public Employees Retirement Fund bought a new stake in Matador Resources during the second quarter worth $165,000. Fortaleza Asset Management Inc. bought a new stake in Matador Resources during the third quarter worth $167,000. Finally, Teacher Retirement System of Texas bought a new stake in Matador Resources during the third quarter worth $202,000. 85.37% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on MTDR shares. Mizuho set a $28.00 price target on shares of Matador Resources and gave the company a “hold” rating in a report on Saturday, November 25th. Barclays set a $25.00 price target on shares of Matador Resources and gave the company a “hold” rating in a report on Wednesday, October 11th. BidaskClub upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Scotiabank reiterated a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. Finally, Imperial Capital upped their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.00.

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About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.

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