Matador Resources Co (NYSE: MTDR) is 8.13% higher on its value in year-to-date trading and has touched a low of $51.72 and a high of $71.08 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 $60.35 in the last trading session, with the day’s gains setting it 1.13%.
Currently trading at $61.48, the stock is -0.23% and 1.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 1.87% at the moment leaves the stock 1.57% off its SMA200. MTDR registered 10.52% gain for a year compared to 6-month gain of 8.39%.
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The stock witnessed a 3.02% loss in the last 1 month and extending the period to 3 months gives it a -1.32%, and is -0.32% down 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 2.77% over the week and 2.80% over the month.
Matador Resources Co (MTDR) has around 395 employees, a market worth around $7.67B and $3.24B in sales. Current P/E ratio is 7.92 and Fwd P/E is 6.28. Profit margin for the company is 29.00%. Distance from 52-week low is 18.87% and -13.51% from its 52-week high. The company has generated returns on investments over the last 12 months (14.23%).
The EPS is expected to grow by 19.66% this year
The shares outstanding are 119.46M, and float is at 115.27M with Short Float at 6.51%.
Matador Resources Co (MTDR) Insider Activity
The most recent transaction is an insider purchase by Erman Bryan A, the company’s EVP, GC and Head of M&A. SEC filings show that Erman Bryan A bought 1,750 shares of the company’s common stock on Jun 14 ’24 at a price of $55.90 per share for a total of $97825.0. Following the purchase, the insider now owns 1750.0 shares.
Matador Resources Co disclosed in a document filed with the SEC on Dec 13 ’23 that Appel Shelley F (Director) bought a total of 500 shares of the company’s common stock. The trade occurred on Dec 13 ’23 and was made at $52.98 per share for $26490.0. Following the transaction, the insider now directly holds 54708.0 shares of the MTDR stock.
Still, SEC filings show that on Dec 12 ’23, PARKER TIMOTHY E. (Director) acquired 5,000 shares at an average price of $52.13 for $0.26 million. The insider now directly holds 79,257 shares of Matador Resources Co (MTDR).
