On October 29, 2024, Monika Ehrman, a Director at Matador Resources Co (MTDR, Financial), purchased 305 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 36,087 shares of Matador Resources Co.
Matador Resources Co is engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company's operations are primarily focused in the Delaware Basin.
The shares were acquired at a price of $50.92, valuing the transaction at approximately $15,530.60. This acquisition has contributed to a total of 22 insider buys over the past year, with no insider sales reported during the same period.
The current market cap of Matador Resources Co is approximately $6.55 billion. The stock's price-earnings ratio stands at 6.95, which is below both the industry median of 10.99 and the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $70.14, suggesting that Matador Resources Co is modestly undervalued with a price-to-GF-Value ratio of 0.73.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices. Investors often look at insider transactions as an indicator of confidence in the company's future prospects.
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