Yesterday it was reported that the Chairman & CEO of Matador Resources (NYSE: MTDR), Joseph Wm Foran, exercised options to buy 20,294 MTDR shares at $19.71 a share, for a total transaction value of $400K.
Following Joseph Wm Foran’s last MTDR Buy transaction on July 26, 2017, the stock climbed by 7.4%.
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Based on Matador Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $212 million and quarterly net profit of $59.81 million. In comparison, last year the company earned revenue of $116 million and had a net profit of $28.51 million. MTDR’s market cap is $3.67B and the company has a P/E ratio of 19.98. Currently, Matador Resources has an average volume of 1.68M.
Starting in December 2017, MTDR received 39 Buy ratings in a row. 18 different firms, including B.Riley FBR and BMO Capital, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $39.44, reflecting a -20.0% downside.
The insider sentiment on Matador Resources has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Matador Resources Co. is a holding company engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration & Production; Midstream, and Corporate.
