Bryan A. Erman Buys 1,750 Shares of Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) EVP Bryan A. Erman acquired 1,750 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the transaction, the executive vice president now directly owns 1,750 shares in the company, valued at approximately $97,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matador Resources Stock Up 1.6 %

Shares of NYSE:MTDR opened at $57.06 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. Matador Resources has a 52 week low of $47.76 and a 52 week high of $71.08. The company has a 50 day moving average price of $62.53 and a two-hundred day moving average price of $60.53. The company has a market capitalization of $7.12 billion, a PE ratio of 7.82 and a beta of 3.31.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The firm had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. During the same period in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. Analysts forecast that Matador Resources will post 7.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. Matador Resources’s payout ratio is 10.96%.

Wall Street Analyst Weigh In

MTDR has been the topic of several research reports. Wells Fargo & Company upped their price target on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Roth Mkm restated a “buy” rating and set a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. StockNews.com upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. KeyCorp increased their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Institutional Trading of Matador Resources

Several hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its holdings in Matador Resources by 13.3% during the 3rd quarter. HighTower Advisors LLC now owns 4,835 shares of the energy company’s stock worth $291,000 after purchasing an additional 569 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Matador Resources during the third quarter worth about $201,000. DekaBank Deutsche Girozentrale bought a new position in shares of Matador Resources during the third quarter worth about $199,000. QRG Capital Management Inc. bought a new position in shares of Matador Resources during the third quarter worth about $245,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Matador Resources in the 3rd quarter valued at approximately $644,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.