Insider Buying: Matador Resources Co (MTDR) CFO Purchases $54,700.00 in Stock

Matador Resources Co (NYSE:MTDR) CFO David E. Lancaster acquired 2,500 shares of Matador Resources stock in a transaction dated Wednesday, November 28th. The stock was bought at an average price of $21.88 per share, with a total value of $54,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Matador Resources stock opened at $22.80 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.63 and a current ratio of 0.69. Matador Resources Co has a 1-year low of $21.43 and a 1-year high of $35.22. The stock has a market capitalization of $2.65 billion, a P/E ratio of 15.20, a PEG ratio of 0.61 and a beta of 1.54.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The company had revenue of $207.18 million for the quarter, compared to analyst estimates of $208.75 million. During the same period in the prior year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 64.1% on a year-over-year basis. Sell-side analysts expect that Matador Resources Co will post 1.67 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of MTDR. BlackRock Inc. boosted its stake in Matador Resources by 4.2% in the third quarter. BlackRock Inc. now owns 12,200,714 shares of the energy company’s stock valued at $403,234,000 after acquiring an additional 493,829 shares in the last quarter. Vanguard Group Inc. increased its holdings in Matador Resources by 6.9% in the third quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after buying an additional 612,234 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Matador Resources by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,390,810 shares of the energy company’s stock valued at $112,066,000 after buying an additional 244,527 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Matador Resources by 40.3% in the second quarter. OppenheimerFunds Inc. now owns 2,026,084 shares of the energy company’s stock valued at $60,885,000 after buying an additional 581,649 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Matador Resources by 13.4% in the third quarter. Glenmede Trust Co. NA now owns 1,682,448 shares of the energy company’s stock valued at $55,604,000 after buying an additional 198,620 shares in the last quarter. 88.46% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the company. Wells Fargo & Co reduced their price objective on Matador Resources from $43.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. BMO Capital Markets set a $34.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a report on Sunday, August 12th. Evercore ISI initiated coverage on shares of Matador Resources in a report on Tuesday, September 25th. They set an “in-line” rating and a $38.00 price objective for the company. SunTrust Banks downgraded shares of Matador Resources from a “buy” rating to a “hold” rating and dropped their price objective for the company from $42.00 to $35.00 in a report on Monday, September 24th. They noted that the move was a valuation call. Finally, Oppenheimer initiated coverage on shares of Matador Resources in a report on Wednesday, October 3rd. They set an “outperform” rating and a $43.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.00.

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About Matador Resources

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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