Monika U. Ehrman Purchases 180 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman purchased 180 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $57.49 per share, for a total transaction of $10,348.20. Following the acquisition, the director now owns 36,267 shares of the company’s stock, valued at approximately $2,084,989.83. The trade was a 0.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Matador Resources Price Performance

NYSE MTDR traded down $1.24 on Tuesday, reaching $54.93. The company had a trading volume of 61,526 shares, compared to its average volume of 1,491,649. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The stock has a market capitalization of $6.85 billion, a PE ratio of 7.27 and a beta of 3.26. The firm’s 50 day moving average price is $55.53 and its 200 day moving average price is $56.27. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 EPS. As a group, equities analysts predict that Matador Resources will post 7.49 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.82%. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 15th. Matador Resources’s payout ratio is 13.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MTDR shares. Stephens increased their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Mizuho dropped their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Friday, December 6th. JPMorgan Chase & Co. dropped their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy 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 $75.31.

Institutional Investors Weigh In On Matador Resources

Large investors have recently modified their holdings of the business. Denver PWM LLC bought a new position in shares of Matador Resources during the 2nd quarter worth approximately $27,000. True Wealth Design LLC bought a new position in shares of Matador Resources during the 3rd quarter worth approximately $37,000. Quarry LP raised its stake in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after acquiring an additional 251 shares in the last quarter. Avior Wealth Management LLC grew its position in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares during the last quarter. Finally, Covestor Ltd grew its position in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 91.98% 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 through 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.