Matador Resources Co (NYSE:MTDR) EVP Buys $83,800.00 in Stock
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 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.
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.
Featured Story: What does the Producer Price Index (PPI) tell investors?
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.