Matador Resources Co (NYSE:MTDR) EVP Bradley M. Robinson acquired 5,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of $16.76 per share, with a total value of $83,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Matador Resources stock traded down $0.29 on Wednesday, reaching $17.02. 54,409 shares of the company’s stock were exchanged, compared to its average volume of 2,289,899. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.73 and a beta of 1.92. Matador Resources Co has a 52 week low of $13.97 and a 52 week high of $34.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.70.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The business had revenue of $173.89 million during the quarter, compared to analyst estimates of $198.76 million. During the same period in the prior year, the firm posted $0.36 EPS. Matador Resources’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Matador Resources Co will post 1.3 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MTDR. New York State Teachers Retirement System boosted its stake in Matador Resources by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock worth $687,000 after purchasing an additional 652 shares during the period. Arizona State Retirement System increased its stake in Matador Resources by 1.1% in the 4th quarter. Arizona State Retirement System now owns 74,313 shares of the energy company’s stock worth $1,154,000 after purchasing an additional 777 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Matador Resources by 17.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 24,587 shares of the energy company’s stock valued at $382,000 after buying an additional 3,669 shares during the period. Rhumbline Advisers increased its stake in shares of Matador Resources by 68.7% during the fourth quarter. Rhumbline Advisers now owns 317,822 shares of the energy company’s stock valued at $4,936,000 after buying an additional 129,395 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in shares of Matador Resources during the fourth quarter valued at approximately $152,000. 95.01% of the stock is owned by institutional investors.

A number of brokerages have weighed in on MTDR. Wells Fargo & Co reiterated a “hold” rating on shares of Matador Resources in a report on Wednesday, March 13th. Imperial Capital reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. JPMorgan Chase & Co. raised shares of Matador Resources from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $28.00 to $26.00 in a research report on Friday, June 7th. MKM Partners reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Matador Resources in a research report on Friday, May 17th. Finally, SunTrust Banks raised shares of Matador Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research note on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.07.

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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.

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

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