Matador Resources Co (NYSE: MTDR) is -1.60% lower on its value in year-to-date trading and has touched a low of $50.79 and a high of $71.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTDR stock was last observed hovering at around $55.93 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $55.95, the stock is -2.33% and -5.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 0.04% at the moment leaves the stock -6.79% off its SMA200. MTDR registered -9.13% loss for a year compared to 6-month gain of -7.60%.
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The stock witnessed a -8.16% loss in the last 1 month and extending the period to 3 months gives it a -10.48%, and is 0.59% 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 2.45% over the week and 3.24% over the month.
Matador Resources Co (MTDR) has around 395 employees, a market worth around $6.98B and $3.24B in sales. Current P/E ratio is 7.21 and Fwd P/E is 5.78. Profit margin for the company is 29.00%. Distance from 52-week low is 10.16% and -21.29% from its 52-week high. The company has generated returns on investments over the last 12 months (14.23%).
Matador Resources Co quarterly earnings per share for the current quarter are estimated at 1.96 with sales reaching $883.01M over the same period.The EPS is expected to grow by 19.27% this year, but quarterly earnings will post 26.20% year-over-year.
603.0 institutions hold shares in Matador Resources Co (MTDR), with institutional investors hold 98.88% of the company’s shares. The shares outstanding are 119.46M, and float is at 115.20M with Short Float at 6.68%. Institutions hold 91.62% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.07 million shares valued at $939.22 million. The investor’s holdings represent 11.8016 of the MTDR Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 11.12 million shares valued at $742.8 million to account for 9.3334 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.49 million shares representing 4.6094 and valued at over $366.84 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 4.4073 of the shares totaling 5.25 million with a market value of $350.75 million.
Matador Resources Co (MTDR) Insider Activity
The most recent transaction is an insider purchase by Calvert Christopher P, the company’s EVP and COO. SEC filings show that Calvert Christopher P bought 1,000 shares of the company’s common stock on Aug 16 ’24 at a price of $56.40 per share for a total of $56400.0. Following the purchase, the insider now owns 31700.0 shares.
Matador Resources Co disclosed in a document filed with the SEC on Aug 02 ’24 that Macalik Robert T (EVP, Chief Accounting Officer) bought a total of 500 shares of the company’s common stock. The trade occurred on Aug 02 ’24 and was made at $54.50 per share for $27250.0. Following the transaction, the insider now directly holds 29300.0 shares of the MTDR stock.
Still, SEC filings show that on Aug 02 ’24, Foran Joseph Wm (Chairman and CEO) acquired 2,000 shares at an average price of $55.96 for $0.11 million. The insider now directly holds 35,251 shares of Matador Resources Co (MTDR).
