Today, the EVP – Land, Legal & Admin of Matador Resources (MTDR), Craig N. Adams, bought shares of MTDR for $22.03K.
In addition to Craig N. Adams, 6 other MTDR executives reported Buy trades in the last month.
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Based on Matador Resources’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $223 million and quarterly net profit of $17.79 million. In comparison, last year the company earned revenue of $138 million and had a net profit of $15.04 million. MTDR’s market cap is $2.55B and the company has a P/E ratio of 13.89. Currently, Matador Resources has an average volume of 1.85M.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.88, reflecting a 71.1% upside. Seven different firms, including BMO Capital and Oppenheimer, currently also have a Buy rating on the stock. Starting in November 2018, MTDR received 4 Buy ratings in a row.
The insider sentiment on Matador Resources has been positive according to 61 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Craig N. Adams’ trades have generated a 74.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
