Matador Resources chairman and CEO Joseph Foran buys $30,241 in shares By Investing.com

Joseph Wm Foran, Chairman and CEO of Matador Resources Co (), acquired 555 shares of the company’s common stock on August 26, 2026. The shares were purchased at prices ranging from $54.45 to $54.50, with a weighted average price of $54.49 per share. The total value of this transaction amounted to approximately $30,241. The stock currently trades at $56.74, up 37% year-to-date, reflecting strong momentum in the energy sector.

Following this acquisition, Mr. Foran directly holds 4,772 shares of Matador Resources common stock. His indirect holdings include shares held through various family trusts, such as the Foran 2012 Savings Trust and Security Trust, and through Sage Resources, Ltd., a limited partnership owned by his family. Additional shares are held collectively by several Non-GST Trusts and Grantor Retained Annuity Trusts (GRATs), where Mr. Foran often serves as trustee and holds sole voting and investment power.This insider purchase comes as InvestingPro analysis suggests Matador Resources is currently undervalued, with the company trading at a P/E ratio of 9.73. For deeper insights, investors can access one of 1,400+ comprehensive Pro Research Reports available exclusively on InvestingPro.

In other recent news, Matador Resources reported impressive second-quarter 2026 results, surpassing Wall Street expectations. The company achieved adjusted earnings of $2.61 per share on revenue of $1.19 billion, both of which exceeded analysts’ estimates of $2.23 per share and $1.06 billion in revenue. This performance was bolstered by near-record free cash flow, debt reduction, and an increased production outlook. Following these results, UBS raised its price target for Matador Resources to $56 from $54, maintaining a Neutral rating, citing strong execution in the second quarter. Meanwhile, KeyBanc lowered its price target to $68 from $73, maintaining an Overweight rating due to concerns over higher leverage, with net debt expected to reach $5.1 billion by the end of 2026. These developments highlight the mixed analyst perspectives on Matador Resources, reflecting both confidence in its operational performance and caution regarding its leverage.

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