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Joseph Wm. Foran, Chairman and CEO of Matador Resources Co (NYSE:MTDR), recently purchased 2,000 shares of the company’s common stock. This acquisition, reported on March 3, 2025, was made at an average price of $48.55 per share, representing a total investment of approximately $97,100. Following this transaction, Foran holds a direct ownership of 43,379 shares in Matador Resources. The purchase comes as the stock trades near its 52-week low of $47.15, with InvestingPro analysis suggesting significant undervaluation relative to its Fair Value.
Additionally, various indirect holdings related to Foran, including trusts and family partnerships, collectively own significant shares in the company. These holdings reflect the CEO’s continued confidence in Matador Resources, a company engaged in crude petroleum and natural gas production. With revenue of $3.2 billion and a healthy dividend yield of 2.62%, the company has maintained 4 consecutive years of dividend growth. InvestingPro subscribers can access 8 additional ProTips and a comprehensive analysis report covering all aspects of MTDR’s performance and outlook.
In other recent news, Matador Resources Company reported its fourth-quarter earnings, which revealed a slight miss in oil production, falling just below the company’s guidance range. Despite this, the company increased its base dividend by 25% to $1.25 per share annually, indicating confidence in future cash flow growth. Matador also announced a higher-than-expected capital expenditure of $392 million for the quarter, attributed to non-operational spending and facility upgrades. Analysts at JPMorgan have raised their price target for Matador to $76, maintaining an Overweight rating, while Truist Securities reiterated a Buy rating with an $80 target, praising the company’s strong performance and future outlook.
Mizuho (NYSE:MFG) Securities also adjusted its price target for Matador to $77, citing operational cost improvements and strong initial production results from recent wells. The firm kept an Outperform rating on the stock, despite some first-quarter guidance falling short of expectations. Additionally, TD Cowen increased its price target to $75 and maintained a Buy rating, highlighting the company’s efficiency gains and promising strategic direction. These developments reflect a positive sentiment among analysts regarding Matador’s operational strength and potential for growth, despite recent challenges.
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