Matador Resources evp William Elsener buys $46,332 in stock
Investing.com ·
Matador Resources evp William Elsener buys $46,332 in stock
William Thomas Elsener, Executive Vice President of Reservoir Engineering at Matador Resources Co (NYSE:MTDR), recently acquired shares in the company. The executive purchased 900 shares of common stock for a total value of $46,332.
The transaction occurred on November 5, 2026, with shares purchased at a price of $51.48 each. Following this acquisition, Mr. Elsener directly holds 115,779 shares of Matador Resources common stock. The filing noted that these shares were acquired pursuant to the company’s Employee Stock Purchase Plan.The insider purchase comes as the stock has declined 18% over the past week, trading at $49.87 with a market cap of $6.17 billion. According to InvestingPro analysis, Matador appears undervalued at current levels, presenting a potential opportunity for investors. The company trades at a P/E ratio of 8.68 and offers a 3.51% dividend yield, having raised its dividend for six consecutive years. For deeper insights, investors can access a comprehensive Pro Research Report covering Matador alongside 1,400+ other US equities, with additional ProTips available on the platform.
In other recent news, Matador Resources reported strong third-quarter results, surpassing Wall Street’s expectations for both earnings and revenue. The company achieved adjusted earnings of $2.08 per share, exceeding the anticipated $1.82, and generated revenue of $1.16 billion, which was higher than the forecasted $1.10 billion. Despite these positive figures, shares experienced a decline as investors assessed the sustainability of the company’s improved gas pricing and cash flow. Additionally, Truist Securities raised its price target for Matador Resources to $66 from $65, maintaining a Buy rating. The firm cited expectations of benefits from better gas realizations, the expansion of San Mateo, and capital efficiency gains from recently acquired acreage. These developments suggest a positive outlook from analysts regarding Matador’s future performance.
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