Matador Resources EVP Calvert buys $49,270 in company stock

Published 04/03/2025, 13:28
Matador Resources EVP Calvert buys $49,270 in company stock

DALLAS—Christopher P. Calvert, Executive Vice President and Chief Operating Officer of Matador Resources Co (NYSE:MTDR), recently acquired 1,000 shares of the company’s common stock. The transaction, dated March 3, 2025, was executed at a price of $49.27 per share, amounting to a total purchase value of $49,270. The purchase comes as the stock trades near its 52-week low, with InvestingPro analysis indicating the stock is currently undervalued.

Following this acquisition, Calvert now holds 35,000 shares indirectly through his 401(k) account. Additionally, he possesses 85,293 shares directly, which includes shares acquired through Matador’s Employee Stock Purchase Plan and restricted stock grants that are subject to vesting schedules. The company, with a market capitalization of approximately $6 billion, maintains a healthy P/E ratio of 6.75 and offers a dividend yield of 2.62%.

Matador Resources, headquartered in Dallas, Texas, operates in the crude petroleum and natural gas industry. InvestingPro data shows the company maintains a strong financial health score, with analysts having revised earnings estimates upward for the upcoming period. Get access to 10+ more exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Matador Resources Company has attracted attention with its fourth-quarter performance and future projections. Truist Securities praised Matador for surpassing consensus estimates in earnings and adjusted free cash flow, maintaining a Buy rating with an $80 price target. The company also provided an optimistic 2025 guidance, exceeding previous analyst expectations for oil and total production. Meanwhile, JPMorgan raised its price target to $76, citing confidence in Matador’s long-term growth despite a slight miss in recent oil production volumes due to midstream constraints.

Mizuho (NYSE:MFG) Securities increased its price target for Matador to $77, maintaining an Outperform rating, and highlighted operational cost improvements and strong initial production results. JPMorgan also noted that Matador’s fourth-quarter earnings release will include formal guidance for 2025, with anticipated production and capital expenditures aligning closely with street estimates. TD Cowen expressed confidence in Matador’s 2025 prospects, raising its price target to $75, following discussions with company executives on efficiency gains and well productivity.

These developments reflect a generally positive outlook from analysts, with Matador’s strategic initiatives and operational efficiencies being key factors in their assessments. Investors are paying close attention to Matador’s ability to adapt to market conditions and capitalize on opportunities within the energy sector.

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.