Insider Trader Watch: Matador Resources Company $MTDR

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Matador Resources Company (NYSE:MTDR) insider have most recently took part in a trading activity. On Dec 4, 2017 Posner David M., Director bought 1,035 shares having total worth of $29,932 at the price of $28.92 per share, following the transaction a total of 12,484 shares owned by Posner David M.. Before this latest buy, Posner David M. purchased MTDR at 1 other times during the past twelve months, for a total investment of $99,172 at an average of $24.1 per share.

Furthermore, over the past 12 months , the stock was traded 8 times by insiders. In 3 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Shares of Matador Resources Company (NYSE:MTDR) traded down 1.52% on Dec 5, 2017, hitting $27.89. 851,098 shares of the company’s stock traded hands. Matador Resources Company has a 52 week low of $19.31 and a 52 week high of $29.14. The company’s market cap is $1,910 million.

Matador Resources Company (NYSE:MTDR) last announced its earnings results on Nov 6, 2017. The company reported 0.11 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.10 by $0.01. The company had revenue of $126 million for the quarter, compared to the consensus estimate of $121 million. During the same quarter in the previous year, the company posted 0.06 earnings per share. The company’s revenue for the quarter was up 42% on a year-over-year basis.

2017-11-06 2017-08-02 2017-05-03 2017-02-22 2016-11-01 2016-08-03 2016-05-03 2016-02-24 2015-11-04 2015-08-04
earnings per share 0.11 0.11 0.17 0.08 0.06 -0.01 -0.16 0.03 0.03 0.05
Revenue(M) 126.28 129.61 134.81 84.97 88.73 45.18 44.15 67.25 98.41 78.1

Matador Resources Company has been the subject of a number of recent research reports. Analysts at Imperial Capital Maintains shares of Matador Resources Company to an Outperform rating in a research note. They now have a $36.00 price target on the stock.

Matador Resources Company was formed in the state of Texas in July 2003. The company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with a particular emphasis on oil and natural gas shale plays and other unconventional resource plays. Its current operations are located mainly in the Eagle Ford shale play in south Texas and the Haynesville shale play in northwest Louisiana and east Texas. At December 31, 2012, its properties also included approximately 15,900 gross and 7,600 net acres in the Delaware Basin in Southeast New Mexico and West Texas where it are developing new oil prospects. At December 31, 2012, approximately 6,000 gross and 3,900 net of these acres were already held by production from other producing horizons. At December 31, 2012, it also had a large unevaluated acreage position, including approximately 55,300 gross and 27,200 net acres in Southwest Wyoming and adjacent areas in Utah and Idaho, where it began drilling its initial well in February 2011 to test the Meade Peak natural gas shale. It reached a depth of 8,200 feet, approximately 300 feet above the top of the Meade Peak shale, before having operations suspended for several months due to wildlife restrictions. The Company competes and will continue to compete with major and independent oil and natural gas companies for exploration opportunities, acreage and property acquisitions. It also competes for drilling rig contracts and other equipment and labor required to drill, operate and develop its properties. Its oil and natural gas exploration, development, production and related operations are subject to extensive federal, state and local laws, rules and regulations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.