Matador Resources Co (NYSE:MTDR) COO Craig N. Adams acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $14.11 per share, for a total transaction of $28,220.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Craig N. Adams also recently made the following trade(s):
- On Thursday, June 6th, Craig N. Adams bought 1,000 shares of Matador Resources stock. The shares were bought at an average price of $16.00 per share, for a total transaction of $16,000.00.
Shares of Matador Resources stock traded up $0.58 during trading on Friday, hitting $14.31. The stock had a trading volume of 89,882 shares, compared to its average volume of 3,329,566. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.77 and a beta of 1.96. Matador Resources Co has a 12 month low of $13.42 and a 12 month high of $34.90. The business’s 50-day moving average is $17.53 and its 200 day moving average is $18.47. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.81.
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 consensus estimate of $0.19 by $0.11. The firm had revenue of $241.70 million for the quarter, compared to analysts’ expectations of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. As a group, equities analysts expect that Matador Resources Co will post 1.12 EPS for the current year.
Several equities research analysts have issued reports on the company. Stephens upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $22.00 to $24.00 in a research report on Tuesday, July 23rd. MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 28th. Wells Fargo & Co set a $33.00 target price on Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. ValuEngine upgraded Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus set a $24.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Monday. Two 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’s stock. Matador Resources presently has an average rating of “Buy” and an average price target of $31.00.
Several institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC increased its holdings in shares of Matador Resources by 60.6% in the second quarter. Essex Investment Management Co. LLC now owns 102,821 shares of the energy company’s stock worth $2,044,000 after purchasing an additional 38,802 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Matador Resources by 6,195.1% in the second quarter. Nuveen Asset Management LLC now owns 3,321,049 shares of the energy company’s stock worth $66,022,000 after purchasing an additional 3,268,293 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Matador Resources by 71.1% in the second quarter. Victory Capital Management Inc. now owns 1,892,662 shares of the energy company’s stock worth $37,627,000 after purchasing an additional 786,687 shares during the period. Connors Investor Services Inc. increased its holdings in shares of Matador Resources by 90.8% in the second quarter. Connors Investor Services Inc. now owns 120,557 shares of the energy company’s stock worth $2,397,000 after purchasing an additional 57,372 shares during the period. Finally, Man Group plc increased its holdings in shares of Matador Resources by 36.2% in the second quarter. Man Group plc now owns 582,472 shares of the energy company’s stock worth $11,580,000 after purchasing an additional 154,872 shares during the period. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
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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