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Singleton Van H II, President of Land, A&D, and Planning at Matador Resources Co (NYSE:MTDR), recently acquired 2,000 shares of the company’s common stock. The shares were purchased on February 21, 2025, at a price of $53.21 per share, totaling $106,420. Following this transaction, Singleton now directly owns 289,135 shares. Additionally, Singleton holds 2,505 shares indirectly through a 401(k) account. The acquisition was made under the issuer’s Employee Stock Purchase Plan, which is exempt under Rule 16b-3. Analysts maintain a strong buy consensus on MTDR, with price targets ranging from $62 to $90. For deeper insights into MTDR’s valuation and growth prospects, including 8 additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Matador Resources Company has seen several updates from analysts following its latest earnings and operational reports. The company reported fourth-quarter oil production of 118.4 thousand barrels per day, slightly missing its guidance due to third-party midstream constraints, but still managed to exceed earnings and adjusted free cash flow expectations according to Truist Securities. Despite a higher-than-expected capital expenditure of $392 million for the quarter, Matador raised its annual dividend by 25% to $1.25 per share, indicating confidence in its cash flow and production growth. JPMorgan maintained an Overweight rating, raising its price target to $76, while Mizuho (NYSE:MFG) Securities increased its target to $77, both expressing optimism about Matador’s long-term growth despite some short-term operational setbacks.
Truist Securities, maintaining a Buy rating with an $80 price target, highlighted Matador’s strong midstream operations and potential to capitalize on natural gas opportunities. Mizuho noted that while first-quarter 2025 volume guidance fell short of expectations, operational costs were better than anticipated, and initial production results from new wells were strong. JPMorgan also increased its price target to $75, citing positive operational performance and anticipated production growth in 2025. TD Cowen raised its price target to $75, maintaining a Buy rating, after discussions with Matador executives about anticipated efficiency gains and strategic initiatives.
These developments reflect a generally positive outlook from analysts, with several firms raising their price targets and maintaining favorable ratings, suggesting confidence in Matador Resources’ strategic direction and operational execution.
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