Joseph Wm Foran, serving as both Chairman and Chief Executive Officer of Matador Resources Co (NASDAQ:MTDR), executed a significant purchase of the company's equity on June 4, 2026. The transaction involved the acquisition of 2,000 shares of common stock at a price point of $56.25 per share, resulting in a total investment value of $112,500. This acquisition occurred while the stock was trading at $55.31, reflecting a 32% year-to-date gain, although it remains 17% below its 52-week high of $66.84. According to InvestingPro analysis, the stock appears undervalued with a Fair Value of $77.49, suggesting potential upside from current levels.
Following this transaction, Mr. Foran directly holds 9,479 shares of Matador Resources common stock. This figure includes shares acquired pursuant to the company’s Employee Stock Purchase Plan. The energy company has demonstrated consistent shareholder returns, having raised its dividend for five consecutive years while maintaining profitability over the last twelve months, according to InvestingPro data.
Mr. Foran also reports indirect ownership of Matador Resources common stock through various family trusts and partnerships, including shares held by the Foran 2012 Savings Trust, the Foran 2012 Security Trust, Sage Resources, Ltd., several 2011 and 2020 Non-GST Trusts, and multiple GRATs (Grantor Retained Annuity Trusts). Mr. Foran states that the filing of this report should not be deemed an admission that he is the beneficial owner of these indirectly held shares, except to the extent of his pecuniary interest therein.
In other recent news, Matador Resources Company reported its first-quarter 2026 earnings, with earnings per share (EPS) of $1.53, surpassing market expectations of $1.34. However, the company’s revenue of $818.7 million did not meet the anticipated $873.35 million. Additionally, Matador Resources has acquired 5,154 net undeveloped acres in the Delaware Basin for approximately $1.143 billion, enhancing its asset base with over 141 net operated locations. The company has also entered into multiple agreements with affiliates of Energy Transfer LP, including a gas supply agreement aimed at improving natural gas pricing in the latter half of 2026. This agreement seeks to reduce Matador’s exposure to Waha Hub pricing. These developments highlight Matador Resources’ strategic moves in expanding its operations and optimizing its financial performance.