Monika U. Ehrman, a director at Matador Resources Co (NYSE:), recently acquired shares in the company. According to a Form 4 filing with the Securities and Exchange Commission, Ehrman purchased 180 shares of Matador Resources on December 13, 2024, at a price of $57.49 per share. This transaction amounted to a total of $10,348. Following this purchase, Ehrman now directly owns 36,267 shares of the company’s common stock. The company, currently valued at $7 billion, trades at an attractive P/E ratio of 7.4x, with analysts setting price targets between $62 and $87.
Matador Resources, based in Dallas, Texas, operates in the crude petroleum and sector. The company’s stock trades on the New York Stock Exchange under the ticker symbol MTDR. According to InvestingPro, the company has raised its dividend for 4 consecutive years and maintains strong profitability with an 80% gross margin….
