Today, the EVP – Land of Matador Resources (MTDR), Van-H Singleton, bought shares of MTDR for $44.63K.
In addition to Van-H Singleton, 19 other MTDR executives reported Buy trades in the last month. This recent transaction increases Van-H Singleton’s holding in the company by 1.87% to a total of $2.32 million.
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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 $2.48B and the company has a P/E ratio of 13.47. Currently, Matador Resources has an average volume of 2.37M.
Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.18, reflecting a 65.2% upside. Seven different firms, including BMO Capital and Oppenheimer, currently also have a Buy rating on the stock.
The insider sentiment on Matador Resources has been positive according to 71 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.
