Monika U. Ehrman Acquires 305 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) Director Monika U. Ehrman purchased 305 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average cost of $50.92 per share, with a total value of $15,530.60. Following the acquisition, the director now owns 36,087 shares in the company, valued at $1,837,550.04. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Matador Resources Price Performance

NYSE:MTDR opened at $52.09 on Friday. The company has a market capitalization of $6.50 billion, a P/E ratio of 6.90 and a beta of 3.26. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The stock’s fifty day moving average is $52.42 and its two-hundred day moving average is $57.74.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. Matador Resources’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 EPS. Equities analysts expect that Matador Resources will post 7.45 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. Matador Resources’s payout ratio is presently 10.60%.

Hedge Funds Weigh In On Matador Resources

Hedge funds have recently bought and sold shares of the company. Denver PWM LLC acquired a new stake in shares of Matador Resources during the second quarter worth about $27,000. Covestor Ltd increased its stake in Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the period. Quarry LP lifted its holdings in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after acquiring an additional 466 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Matador Resources by 28.7% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock valued at $69,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of research reports. Stephens boosted their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Truist Financial lowered their price target on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. dropped their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday. Wolfe Research assumed coverage on shares of Matador Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.92.

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 through 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.