Timothy E. Parker Purchases 3,584 Shares of Matador Resources Co (NYSE:MTDR) Stock

Matador Resources Co (NYSE:MTDR) Director Timothy E. Parker purchased 3,584 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $13.94 per share, for a total transaction of $49,960.96. Following the completion of the transaction, the director now directly owns 24,151 shares in the company, valued at $336,664.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Matador Resources stock opened at $15.59 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.75 and a current ratio of 0.81. The firm’s 50-day simple moving average is $17.10 and its 200-day simple moving average is $18.38. Matador Resources Co has a twelve month low of $13.42 and a twelve month high of $34.90. The firm has a market cap of $1.75 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.96.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The business had revenue of $241.70 million for the quarter, compared to analyst estimates of $210.42 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Matador Resources Co will post 1.12 earnings per share for the current fiscal year.

Several analysts have issued reports on MTDR shares. JPMorgan Chase & Co. upgraded shares of Matador Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $28.00 to $26.00 in a research report on Friday, June 7th. Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. ValuEngine upgraded shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Stephens upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $22.00 to $24.00 in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus set a $24.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Matador Resources presently has an average rating of “Buy” and a consensus target price of $30.46.

Several institutional investors have recently modified their holdings of MTDR. Tower Research Capital LLC TRC acquired a new position in Matador Resources in the second quarter valued at about $30,000. Private Capital Group LLC boosted its position in Matador Resources by 91.5% in the first quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after buying an additional 1,071 shares in the last quarter. Marshall Wace LLP acquired a new position in Matador Resources in the first quarter valued at about $74,000. Zions Bancorporation N.A. acquired a new position in Matador Resources in the first quarter valued at about $91,000. Finally, Starr International Co. Inc. acquired a new position in Matador Resources in the first quarter valued at about $192,000. Institutional investors and hedge funds own 93.69% of the company’s stock.

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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