The EVP, COO – Land, Legal & Admin of Matador Resources (NYSE: MTDR) is Buying Shares

By Carrie Williams

Today, the EVP, COO – Land, Legal & Admin of Matador Resources (MTDRResearch Report), Craig N. Adams, bought shares of MTDR for $28.22K.

In addition to Craig N. Adams, 7 other MTDR executives reported Buy trades in the last month. Following this transaction Craig N. Adams’ holding in the company was increased by 1.45% to a total of $1.97 million.

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Based on Matador Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $234 million and quarterly net profit of $36.75 million. In comparison, last year the company earned revenue of $212 million and had a net profit of $59.81 million. The company has a one-year high of $34.91 and a one-year low of $13.42. MTDR’s market cap is $1.6B and the company has a P/E ratio of 9.20.

Six different firms, including J.P. Morgan and MKM Partners, currently also have a Buy rating on the stock. Starting in July 2019, MTDR received 4 Buy ratings in a row.

The insider sentiment on Matador Resources has been positive according to 68 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Craig N. Adams’ trades have generated a 33.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Matador Resources Co. is a holding company engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration & Production; and Midstream.