10 Stocks Insiders Are Buying In March

1. Matador Resources Company (NYSE:MTDR)

Number of Insiders Buying: 10

Market Capitalization: $5.813 billion

First among the 10 stocks insiders are buying in March is an energy company, Matador Resources. Based in Dallas, Texas, the company is focused on the acquisition, exploration, development and production of oil and natural gas resources in the U.S. It operates in two segments: Exploration and Production, and Midstream. It is also among the 10 deep-value stocks to buy now.

For the full 2024, the company disclosed a record annual average production of 170,751 BOE (barrels of oil) per day. Net income amounted to $885.3 million or $7.14 per diluted share, which compares to net income of $846,07 million or $7.05 per diluted share in 2023. Revenue was $3.50 billion, compared to $2.81 billion in the prior year.

In March, 10 insiders, including the chairman and CEO, and CFO acquired a total of around $561,615 worth of Matador shares at an average price of $46.61 per share. Year-to-date, the stock declined 16.58% and is now trading at $46.93 per share. Over the past 12 months, Matador shares lost 29.31%.

The consensus rating on Matador stock from 15 analysts is “Strong Buy” with a price target of $74.47, according to StockAnalysis.

Overall, MTDR is first among the 10 stocks insiders are buying in March. While we acknowledge the potential of MTDR, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MTDR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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