Matador Resources Co (NYSE: MTDR) is 21.25% higher on its value in year-to-date trading and has touched a low of $42.04 and a high of $70.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTDR stock was last observed hovering at around $69.97 in the last trading session, with the day’s loss setting it -1.03%.
Currently trading at $68.94, the stock is 2.96% and 11.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -1.47% at the moment leaves the stock 17.57% off its SMA200. MTDR registered 36.54% gain for a year compared to 6-month gain of 28.55%. The firm has a 50-day simple moving average (SMA 50) of $3.82 and a 200-day simple moving average (SMA200) of $5.56.
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The stock witnessed a 7.03% loss in the last 1 month and extending the period to 3 months gives it a 23.09%, and is 2.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 2.06% over the month.
Matador Resources Co (MTDR) has around 395 employees, a market worth around $8.60B and $2.82B in sales. Current P/E ratio is 9.77 and Fwd P/E is 8.43. Profit margin for the company is 30.03%. Distance from 52-week low is 63.99% and -2.25% from its 52-week high. The company has generated returns on investments over the last 12 months (13.81%).
Matador Resources Co quarterly earnings per share for the current quarter are estimated at $1.47 with sales reaching $740.47M over the same period.The EPS is expected to grow by 5.54% this year, but quarterly earnings will post 15.70% year-over-year. Quarterly sales are estimated to grow 39.60% in year-over-year returns.
Matador Resources Co (MTDR) Top Institutional Holders
551 institutions hold shares in Matador Resources Co (MTDR), with institutional investors hold 96.97% of the company’s shares. The shares outstanding are 119.46M, and float is at 114.53M with Short Float at 8.65%. Institutions hold 89.67% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 13.78 million shares valued at $721.15 million. The investor’s holdings represent 11.57% of the MTDR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.58 million shares valued at $605.76 million to account for 9.72% of the shares outstanding. The other top investors are State Street Corporation which holds 5.13 million shares representing 4.31% and valued at over $268.47 million, while Dimensional Fund Advisors LP holds 3.41% of the shares totaling 4.07 million with a market value of $212.71 million.
Matador Resources Co (MTDR) Insider Activity
The most recent transaction is an insider purchase by Appel Shelley F,the company’sDirector. SEC filings show that Appel Shelley F bought 500 shares of the company’s common stock on Dec 13 ’23 at a price of $52.98 per share for a total of $26490.0. Following the purchase, the insider now owns 54708.0 shares.
Matador Resources Co disclosed in a document filed with the SEC on Dec 12 ’23 that PARKER TIMOTHY E. (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 12 ’23 and was made at $52.13 per share for $0.26 million. Following the transaction, the insider now directly holds 79257.0 shares of the MTDR stock.
Still, SEC filings show that on Dec 12 ’23, Ehrman Monika U (Director) acquired 200 shares at an average price of $52.23 for $10446.0. The insider now directly holds 33,249 shares of Matador Resources Co (MTDR).
