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Susan M. Ward, a director at Matador Resources Co (NYSE:MTDR), recently purchased 2,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired at a price of $52.81 each, amounting to a total investment of $105,620. Following this transaction, Ward’s total direct ownership in Matador Resources stands at 5,844 shares. The transaction was executed on February 25, 2025.The insider purchase comes as Matador Resources demonstrates strong financial performance, with revenue growing 33% in the last twelve months and a healthy dividend growth of 56%. InvestingPro analysis indicates the stock is currently undervalued, with 5 analysts recently revising their earnings estimates upward for the upcoming period. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Matador Resources Company has been the focus of several analyst updates following its fourth-quarter earnings report. JPMorgan increased its price target for Matador to $76, maintaining an Overweight rating despite a slight miss in oil production volumes and higher-than-expected capital expenditures. The company reported fourth-quarter oil volumes of 118.4 thousand barrels per day, slightly below its guidance range, due to midstream constraints that have now been resolved. Meanwhile, Truist Securities reiterated a Buy rating with an $80 price target, highlighting Matador’s strong fourth-quarter performance, which exceeded consensus estimates for earnings and adjusted free cash flow.
Mizuho (NYSE:MFG) Securities also raised its price target to $77, maintaining an Outperform rating, and noted that while first-quarter volume guidance was below expectations, operational costs were better than anticipated. Additionally, JPMorgan’s updated model projects Matador’s production to reach 123.5 thousand barrels per day by 2025, with a substantial free cash flow forecasted. TD Cowen increased its price target to $75, citing efficiency gains and well productivity as key factors for Matador’s robust performance outlook.
These recent developments indicate a generally positive outlook for Matador Resources, with analysts expressing confidence in the company’s strategic direction and operational efficiencies. The company has also increased its annual dividend by 25%, reflecting its confidence in generating growing free cash flow and production growth. Overall, the updates from various firms emphasize Matador’s potential for continued growth and operational success in the coming years.
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