Bradley M. Robinson Purchases 2,000 Shares of Matador Resources Co (NYSE:MTDR) Stock

Matador Resources Co (NYSE:MTDR) EVP Bradley M. Robinson bought 2,000 shares of Matador Resources stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $15.34 per share, for a total transaction of $30,680.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bradley M. Robinson also recently made the following trade(s):

  • On Friday, June 7th, Bradley M. Robinson bought 5,000 shares of Matador Resources stock. The shares were bought at an average cost of $16.76 per share, for a total transaction of $83,800.00.

MTDR stock traded up $0.23 during trading on Tuesday, hitting $15.69. 100,997 shares of the company’s stock traded hands, compared to its average volume of 3,259,217. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.79 and a beta of 1.96. The stock’s fifty day moving average price is $17.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.81 and a quick ratio of 0.75. Matador Resources Co has a 1 year low of $13.97 and a 1 year high of $34.90.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.11. The company had revenue of $241.70 million for the quarter, compared to analyst estimates of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. Matador Resources’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. On average, sell-side analysts anticipate that Matador Resources Co will post 1.1 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its holdings in Matador Resources by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 41,430 shares of the energy company’s stock worth $801,000 after purchasing an additional 565 shares during the last quarter. Connors Investor Services Inc. grew its holdings in Matador Resources by 1.1% in the first quarter. Connors Investor Services Inc. now owns 63,185 shares of the energy company’s stock worth $1,221,000 after purchasing an additional 678 shares during the last quarter. Value Holdings Management CO. LLC grew its holdings in Matador Resources by 0.3% in the first quarter. Value Holdings Management CO. LLC now owns 215,500 shares of the energy company’s stock worth $4,165,000 after purchasing an additional 700 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Matador Resources by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 50,675 shares of the energy company’s stock worth $1,007,000 after purchasing an additional 770 shares during the last quarter. Finally, Mason Street Advisors LLC grew its holdings in Matador Resources by 1.6% in the first quarter. Mason Street Advisors LLC now owns 55,084 shares of the energy company’s stock worth $1,065,000 after purchasing an additional 851 shares during the last quarter. 94.87% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on MTDR. ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Stephens raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $22.00 to $24.00 in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised shares of Matador Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $28.00 to $26.00 in a research report on Friday, June 7th. MKM Partners raised shares of 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. Finally, Wells Fargo & Co set a $33.00 target price on shares of Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Matador Resources currently has a consensus rating of “Buy” and a consensus price target of $32.40.

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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