Matador Resources EVP William Elsener buys $52,400 in common stock

Published 27/02/2025, 13:30
Updated 27/02/2025, 13:32
Matador Resources EVP William Elsener buys $52,400 in common stock

In a recent transaction, William Thomas Elsener, Executive Vice President of Reservoir Engineering at Matador Resources Co (NYSE:MTDR), purchased 1,000 shares of the company’s common stock. The shares were acquired on February 26, 2025, at a price of $52.40 per share, amounting to a total purchase value of $52,400. This purchase comes as the stock has seen a 7.7% decline over the past week, according to InvestingPro data, with analysts maintaining a strong buy consensus and a high price target of $90.

Following this transaction, Elsener’s total direct ownership in Matador Resources stands at 109,747 shares. This figure includes shares acquired through the company’s Employee Stock Purchase Plan and restricted stock granted in February 2023, which is scheduled to vest three years from the grant date. InvestingPro analysis suggests the stock is currently undervalued, with strong fundamentals including a healthy 80.5% gross profit margin and a P/E ratio of 7.9x. For deeper insights into Matador Resources’ valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Matador Resources Company has reported notable developments that are drawing attention from investors. The company recently released its fourth-quarter earnings, which showed a slight miss in oil production volumes at 118.4 thousand barrels of oil per day, just below the lower end of its guidance range. Despite this, Matador raised its base dividend by 25% to $1.25 per share annually, signaling confidence in its ability to generate growing free cash flow. Truist Securities maintained a Buy rating with an $80 price target, acknowledging Matador’s strong fourth-quarter performance, which exceeded consensus estimates for earnings and adjusted free cash flow.

Mizuho (NYSE:MFG) Securities also increased its price target for Matador to $77, retaining an Outperform rating, and noted the company’s operational efficiencies and robust initial production results from its latest wells. Meanwhile, JPMorgan raised its price target to $76, despite some operational setbacks, and highlighted Matador’s strategic use of advanced completion techniques to enhance future production. TD Cowen expressed optimism by raising its price target to $75, maintaining a Buy rating, and emphasizing Matador’s efficiency gains and synergy capture as key drivers for 2025.

These recent developments reflect a generally positive outlook from analysts, with expectations of continued operational strength and strategic growth. Matador’s management has also indicated plans to lower annual capital expenditure guidance and capitalize on natural gas opportunities, further strengthening its financial position. As Matador continues to navigate industry challenges, its strategic initiatives and operational achievements remain key focal points for investors.

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

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