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Joseph Wm. Foran, Chairman and CEO of Matador Resources Co (NYSE:MTDR), has recently increased his stake in the company by purchasing 2,000 shares of common stock. The transaction, which took place on February 26, 2025, was executed at a price of $51.54 per share, amounting to a total investment of $103,080. The purchase comes as the stock has seen a 7.7% decline over the past week, trading significantly below its 52-week high of $71.08. According to InvestingPro analysis, the stock appears undervalued at current levels.
Following this acquisition, Foran now directly owns 41,379 shares of Matador Resources. This move comes as part of his ongoing involvement and investment in the company, which operates in the crude petroleum and natural gas industry. The company maintains a healthy 80.5% gross profit margin and has consistently raised its dividend for four consecutive years, with a current yield of 2.4%. Five analysts have recently revised their earnings estimates upward for the upcoming period.
Additionally, Foran holds a substantial number of shares indirectly through various trusts and partnerships, further solidifying his significant position in the company. For deeper insights into MTDR’s valuation, financial health, and more exclusive tips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Matador Resources Company reported fourth-quarter earnings, revealing a slight miss in oil production volumes, which reached 118.4 thousand barrels per day, just below the guidance range. Capital expenditures were notably higher than expected at $392 million, attributed to non-operational spending and facility upgrades. Despite these challenges, the company increased its base dividend by 25% to $1.25 per share annually, indicating confidence in its financial outlook. Analysts from JPMorgan, Truist Securities, and Mizuho (NYSE:MFG) Securities have responded by adjusting their price targets for Matador, reflecting varying degrees of optimism about the company’s future performance.
JPMorgan maintained an Overweight rating, raising the price target to $76, while Truist Securities reiterated a Buy rating with an $80 target, citing Matador’s strong fourth-quarter performance and promising 2025 guidance. Mizuho Securities also increased its price target to $77, highlighting operational cost improvements and strong initial production from new wells. In addition, TD Cowen raised its price target to $75, emphasizing efficiency gains and strategic initiatives discussed in recent investor meetings.
These developments come amid Matador’s plans to lower annual capital expenditure guidance for 2025 and its ability to capitalize on natural gas opportunities. Analysts have noted the company’s strategic management of capital expenditures and its robust midstream assets, which are expected to support future performance. Matador’s operational strength and flexibility in adapting to market conditions have contributed to a positive outlook among analysts, positioning the company well for continued growth.
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