Matador Resources CEO Joseph Wm Foran acquires $323,640 in stock

Published 24/02/2025, 13:18
Matador Resources CEO Joseph Wm Foran acquires $323,640 in stock

This move comes as Foran continues to lead the Dallas-based oil and gas company, which operates primarily in the crude petroleum and natural gas sector. The recent acquisition underscores his confidence in the company’s future prospects, supported by the company’s strong financial health score revealed in its comprehensive InvestingPro Research Report.

This move comes as Foran continues to lead the Dallas-based oil and gas company, which operates primarily in the crude petroleum and natural gas sector. The recent acquisition underscores his confidence in the company’s future prospects, supported by the company’s strong financial health score revealed in its comprehensive InvestingPro Research Report.

This move comes as Foran continues to lead the Dallas-based oil and gas company, which operates primarily in the crude petroleum and natural gas sector. The recent acquisition underscores his confidence in the company’s future prospects, supported by the company’s strong financial health score revealed in its comprehensive InvestingPro Research Report.

In other recent news, Matador Resources (NYSE:MTDR) Company has garnered attention with several updates impacting its financial outlook. The company’s fourth-quarter earnings report revealed a slight miss in oil production targets, attributed to midstream constraints, but it still managed to surpass consensus estimates for earnings and adjusted free cash flow. Despite this, Matador’s capital expenditures exceeded expectations, reaching $392 million, significantly higher than the guided midpoint. Analysts from JPMorgan and Mizuho (NYSE:MFG) have adjusted their price targets for Matador, with JPMorgan raising it to $76 and Mizuho to $77, while maintaining an Overweight and Outperform rating, respectively.

Truist Securities remains optimistic, reiterating a Buy rating with an $80 price target, citing Matador’s strong fourth-quarter performance and promising 2025 guidance. The company plans to reduce annual capital expenditure guidance, signaling operational efficiencies. TD Cowen also increased its price target to $75, expressing confidence in Matador’s prospects for 2025, following investor meetings with company executives. The firm’s analyst highlighted the company’s efficiency gains and strategic initiatives as key drivers for future success.

Matador’s strategic management of its capital expenditures and robust midstream assets have been noted as strengths by analysts. The company has also raised its base dividend by 25% to $1.25 per share annually, reflecting confidence in its free cash flow and production growth. Matador’s operational performance and strategic direction continue to attract positive attention from investors and analysts alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.