Matador Resources Co (NYSE:MTDR) CAO Buys $26,505.00 in Stock

Matador Resources Co (NYSE:MTDR) CAO Robert T. Macalik purchased 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $13.95 per share, with a total value of $26,505.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NYSE:MTDR traded up $0.70 during trading hours on Wednesday, hitting $14.40. The company’s stock had a trading volume of 63,543 shares, compared to its average volume of 2,243,079. Matador Resources Co has a 52-week low of $12.16 and a 52-week high of $24.43. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.67. The business’s 50-day moving average is $14.20 and its two-hundred day moving average is $16.27. The company has a market capitalization of $1.64 billion, a PE ratio of 8.89, a PEG ratio of 1.82 and a beta of 2.05.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 29th. The energy company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. The company had revenue of $279.40 million for the quarter, compared to analyst estimates of $227.69 million. During the same period in the previous year, the firm earned $0.48 EPS. The business’s revenue was up 34.9% on a year-over-year basis. As a group, analysts predict that Matador Resources Co will post 1.07 EPS for the current fiscal year.

A number of equities analysts recently weighed in on MTDR shares. Stifel Nicolaus set a $22.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, September 30th. ValuEngine upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co reduced their target price on shares of Matador Resources from $29.00 to $28.00 and set a “market perform” rating for the company in a research note on Tuesday, November 12th. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $17.00 to $22.00 in a report on Friday, October 4th. Finally, Northland Securities reiterated a “buy” rating and set a $22.00 price target on shares of Matador Resources in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.27.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its holdings in Matador Resources by 6,195.1% during the second quarter. Nuveen Asset Management LLC now owns 3,321,049 shares of the energy company’s stock worth $66,022,000 after buying an additional 3,268,293 shares in the last quarter. Aperio Group LLC lifted its position in shares of Matador Resources by 49.5% during the 2nd quarter. Aperio Group LLC now owns 58,205 shares of the energy company’s stock valued at $1,157,000 after acquiring an additional 19,281 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Matador Resources by 1.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 50,675 shares of the energy company’s stock valued at $1,007,000 after acquiring an additional 770 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Matador Resources during the 2nd quarter worth approximately $656,000. Finally, Connors Investor Services Inc. boosted its stake in shares of Matador Resources by 90.8% during the 2nd quarter. Connors Investor Services Inc. now owns 120,557 shares of the energy company’s stock worth $2,397,000 after acquiring an additional 57,372 shares in the last quarter. Institutional investors and hedge funds own 95.15% of the company’s stock.

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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