Representative Gilbert Ray Cisneros, Jr. (D-California) recently divested a portion of his holdings in Matador Resources Company (NYSE:MTDR). According to a filing disclosed on February 13, 2023, Cisneros sold shares valued between $15,001 and $50,000 on January 9, 2023, through his account titled “150 MAIN STREET TRUST > BANK OF AMERICA.”
The transaction occurred as Matador Resources experienced a slight decline in stock value, dropping 0.9% to close at $47.37 on the day of the report. The trading volume for Matador Resources was 1,162,462 shares, significantly lower than its average of 1,759,226 shares. The company’s fifty-day moving average stands at $43.62, while its two-hundred-day average is $44.22.
Matador Resources has a 52-week range with a low of $35.19 and a high of $59.22. Financial metrics indicate a quick ratio of 0.69, a current ratio of 0.73, and a debt-to-equity ratio of 0.55. The company currently holds a market capitalization of $5.89 billion, a price-to-earnings (PE) ratio of 7.57, and a beta of 1.14.
Analyst Insights on Matador Resources
Recent assessments from various analysts have provided insights into Matador’s future. The Royal Bank of Canada has lowered its price target from $62.00 to $60.00, maintaining an “outperform” rating. Similarly, BMO Capital Markets reaffirmed its “outperform” rating in a report dated December 18, 2022. On the other hand, Morgan Stanley adjusted its price objective from $56.00 to $52.00, assigning an “equal weight” rating.
Furthermore, Citigroup initiated coverage with a “buy” rating and a target price of $53.00. In contrast, Bank of America reduced its forecast from $55.00 to $50.00 while maintaining a “buy” rating. Overall, the consensus rating for Matador Resources is classified as “Moderate Buy,” with an average target price of $57.82 according to data from MarketBeat.com.
About Representative Cisneros
Gil Cisneros has served as a member of the U.S. House of Representatives since January 3, 2025, representing California’s 31st Congressional District. His current term is set to conclude on January 3, 2027. Cisneros has announced his candidacy for re-election in the upcoming 2026 election.
Before his political career, Cisneros served in the U.S. Navy from 1994 to 2004 and has an impressive academic background that includes a bachelor’s degree in political science from George Washington University and a master’s degree in business administration from Regis University. In addition, he earned a master’s degree in urban education policy from Brown University in 2015.
After winning the lottery in 2010, Cisneros became involved in philanthropy and established a scholarship program for local high school students. In 2021, President Joe Biden appointed him as under secretary of defense for personnel and readiness, further highlighting his commitment to public service.
Matador Resources Company operates primarily in the oil and gas sector, focusing on the exploration and production of oil, natural gas liquids, and natural gas. The company utilizes advanced techniques such as horizontal drilling and hydraulic fracturing, primarily in the Permian Basin, a significant oil-producing area in North America. Its core operations are concentrated in the Delaware Basin segment, notably in West Texas and New Mexico.
This recent stock transaction by Representative Cisneros, combined with the latest analyst ratings, underscores the ongoing interest and scrutiny surrounding Matador Resources as it navigates the complexities of the energy market.
