Insider Buying: Matador Resources Co (NYSE:MTDR) COO Acquires 2,000 Shares of Stock

Matador Resources Co (NYSE:MTDR) COO Craig N. Adams purchased 2,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $14.11 per share, with a total value of $28,220.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Craig N. Adams also recently made the following trade(s):

  • On Thursday, June 6th, Craig N. Adams purchased 1,000 shares of Matador Resources stock. The shares were bought at an average cost of $16.00 per share, with a total value of $16,000.00.

NYSE:MTDR traded up $0.58 during mid-day trading on Friday, hitting $14.31. 89,882 shares of the stock were exchanged, compared to its average volume of 3,329,566. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.96. The firm’s 50-day simple moving average is $17.53 and its 200 day simple moving average is $18.47. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.75 and a current ratio of 0.81. Matador Resources Co has a fifty-two week low of $13.42 and a fifty-two week high of $34.90.



Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.11. The business had revenue of $241.70 million during the quarter, compared to analysts’ expectations of $210.42 million. Matador Resources had a return on equity of 8.71% and a net margin of 19.10%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. On average, analysts predict that Matador Resources Co will post 1.12 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in MTDR. Oak Ridge Investments LLC increased its stake in Matador Resources by 4.6% during the 1st quarter. Oak Ridge Investments LLC now owns 381,196 shares of the energy company’s stock worth $7,369,000 after acquiring an additional 16,687 shares during the period. Pier Capital LLC increased its stake in Matador Resources by 14.0% during the 1st quarter. Pier Capital LLC now owns 397,044 shares of the energy company’s stock worth $7,675,000 after acquiring an additional 48,911 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Matador Resources by 4.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,745 shares of the energy company’s stock worth $614,000 after acquiring an additional 1,290 shares during the period. First Midwest Bank Trust Division bought a new position in Matador Resources during the 1st quarter worth $338,000. Finally, Geode Capital Management LLC increased its stake in Matador Resources by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,098,757 shares of the energy company’s stock worth $17,063,000 after acquiring an additional 75,623 shares during the period. 94.87% of the stock is owned by institutional investors and hedge funds.

MTDR has been the subject of several recent research reports. JPMorgan Chase & Co. raised Matador Resources from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Friday, June 7th. ValuEngine raised Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Stephens raised Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $22.00 to $24.00 in a research report on Tuesday, July 23rd. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus set a $24.00 price objective on Matador Resources and gave the company a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.00.

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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