Matador Resources Co (NYSE:MTDR) President Acquires $33,560.00 in Stock

Matador Resources Co (NYSE:MTDR) President Matthew V. Hairford purchased 2,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was bought at an average price of $16.78 per share, for a total transaction of $33,560.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE MTDR traded down $0.71 during mid-day trading on Wednesday, reaching $16.60. 95,155 shares of the company traded hands, compared to its average volume of 2,289,899. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 0.73 and a beta of 1.92. Matador Resources Co has a fifty-two week low of $13.97 and a fifty-two week high of $34.90.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $173.89 million during the quarter, compared to the consensus estimate of $198.76 million. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, equities research analysts forecast that Matador Resources Co will post 1.3 earnings per share for the current year.

MTDR has been the subject of several recent research reports. Northland Securities reaffirmed a “buy” rating and set a $32.00 price target on shares of Matador Resources in a report on Tuesday, February 26th. SunTrust Banks raised Matador Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a research note on Tuesday, February 19th. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Tuesday, May 28th. Wells Fargo & Co reiterated a “hold” rating on shares of Matador Resources in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. upgraded Matador Resources from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $28.00 to $26.00 in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Matador Resources presently has an average rating of “Hold” and a consensus price target of $33.07.

A number of hedge funds have recently added to or reduced their stakes in MTDR. Dimensional Fund Advisors LP grew its stake in shares of Matador Resources by 27.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,682,447 shares of the energy company’s stock worth $90,514,000 after purchasing an additional 1,013,501 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Matador Resources in the first quarter valued at about $19,330,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Matador Resources in the fourth quarter valued at about $10,866,000. BlackRock Inc. increased its position in shares of Matador Resources by 5.2% in the fourth quarter. BlackRock Inc. now owns 12,834,279 shares of the energy company’s stock valued at $199,317,000 after acquiring an additional 633,565 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Matador Resources by 1,453.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after acquiring an additional 593,768 shares during the last quarter. 95.01% of the stock is owned by hedge funds and other institutional investors.

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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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