Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Bryan A. Erman, Co-President, CLO & Head of M&A at Matador Resources Co (NYSE:MTDR), purchased 1,000 shares of the company’s common stock on October 31, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were bought at a price of $39.60, for a total transaction value of $39,600. This purchase price sits close to the current trading level of $39.26, with InvestingPro analysis suggesting the stock is undervalued based on its Fair Value assessment.
Following the transaction, Erman directly owns 77,518 shares of Matador Resources Co, which includes 2,667 shares of restricted stock granted on February 16, 2023, vesting on the third anniversary, and shares acquired through the Employee Stock Purchase Plan. Erman also indirectly owns 4,250 shares through his 401(k) account and 2,400 shares through an Individual Retirement Account.Matador Resources offers a 3.82% dividend yield with impressive 87.5% dividend growth over the last twelve months. The company trades at an attractive P/E ratio of 6.21 while delivering 15% return on equity. Discover more insights with the comprehensive Pro Research Report, available for Matador and 1,400+ top US stocks through InvestingPro.
In other recent news, Matador Resources Company reported its third-quarter 2025 earnings, revealing a mixed performance. The company achieved an earnings per share (EPS) of $1.36, surpassing analyst expectations of $1.27, resulting in a positive surprise of 7.09%. However, revenue came in at $810.24 million, which was below the anticipated $888.97 million, marking an 8.86% shortfall. In a strategic move, Matador has entered into natural gas transportation agreements to enhance pricing and access more lucrative markets beyond the Permian Basin. The agreements include firm transportation on Energy Transfer’s Hugh Brinson Pipeline, set to begin operations in the fourth quarter of 2026. Additionally, KeyBanc recently adjusted its price target for Matador Resources from $61.00 to $52.00, though it maintained an Overweight rating on the stock. This adjustment followed Matador’s earnings report and led to a revision of the firm’s EBITDA estimates. Despite the lowered price target, KeyBanc continues to hold a positive outlook on Matador Resources.
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