Matador Resources (NYSE:MTDR) Director Shelley Appel Buys 275 Shares of Company Stock

Key Points

• Director Shelley Appel bought 275 Matador Resources shares for about $13,819, increasing her stake by 15.4% to 2,059 shares.
• Matador beat quarterly forecasts, reporting EPS of $2.08 versus $1.85 expected and revenue of $1.39 billion, up 33.9% year over year. It also raised its quarterly dividend from $0.375 to $0.4375 per share.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $68.50; shares traded down 0.9% to $49.98 on Monday.

Matador Resources Company (NYSE:MTDR - Get Free Report) Director Shelley Appel purchased 275 shares of the stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $50.25 per share, with a total value of $13,818.75. Following the completion of the acquisition, the director owned 2,059 shares of the company's stock, valued at approximately $103,464.75. This represents a 15.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matador Resources Trading Down 0.9%

Shares of NYSE:MTDR traded down $0.43 during trading on Monday, reaching $49.98. The stock had a trading volume of 1,577,149 shares, compared to its average volume of 1,849,622. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.18 billion, a P/E ratio of 8.62 and a beta of 0.93. The business has a fifty day moving average price of $56.21 and a 200-day moving average price of $54.51. Matador Resources Company has a fifty-two week low of $38.80 and a fifty-two week high of $66.84.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The energy company reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.23. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. Matador Resources's revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. As a group, analysts anticipate that Matador Resources Company will post 8.34 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Matador Resources's previous quarterly dividend of $0.3750. Matador Resources's dividend payout ratio is currently 30.17%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp raised their price target on Matador Resources from $68.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 15th. Wells Fargo & Company dropped their price target on shares of Matador Resources from $77.00 to $76.00 and set an "overweight" rating for the company in a research report on Wednesday, October 14th. Wall Street Zen upgraded shares of Matador Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday. Seaport Research Partners assumed coverage on shares of Matador Resources in a research note on Thursday, September 3rd. They set a "neutral" rating for the company. Finally, Weiss Ratings downgraded Matador Resources from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC boosted its position in shares of Matador Resources by 156.6% in the third quarter. Intech Investment Management LLC now owns 73,702 shares of the energy company's stock worth $3,802,000 after buying an additional 44,980 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Matador Resources by 27.7% in the third quarter. Hantz Financial Services Inc. now owns 9,974 shares of the energy company's stock valued at $514,000 after buying an additional 2,165 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Matador Resources by 0.4% during the 3rd quarter. Royce & Associates LP now owns 374,831 shares of the energy company's stock valued at $19,334,000 after buying an additional 1,337 shares during the period. Diversified Trust Co raised its holdings in shares of Matador Resources by 1.8% during the 3rd quarter. Diversified Trust Co now owns 24,436 shares of the energy company's stock valued at $1,260,000 after buying an additional 434 shares during the period. Finally, Allworth Financial LP lifted its position in Matador Resources by 27.6% during the 3rd quarter. Allworth Financial LP now owns 1,621 shares of the energy company's stock worth $81,000 after acquiring an additional 351 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas.

Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company's operations and serving other producers in the region.

Matador was founded in 2003 and is headquartered in Dallas, Texas.

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