The Matador Resources Company (NYSE:MTDR) is going down by -4.48% in today’s trading session, a fall equivalent to -0.65% of the stock’s price from yesterday’s market close. A news came out on 09/23/19 stating that Matador Resources Company Announces Successful Receipt of Six BLM Permits in Western Antelope Ridge Asset Area by WSJ. The lowest point that the shares touched during the trading session was $14.435, while the peak of the day was recorded at a share price of $15.21. MTDR finished the previous session at $14.52 according to the data provided by Barchart, while the trading volume was observed to be $1347457.
In the 100 days of trading, MTDR managed to top a 16.88% Moving average. Additionally, Matador Resources Company shares have achieved a 52-week range between 13.42 and 33.75 alongside 100 days raw stochastic set at 8.39%.
The number of shares outstanding, according to the fundamentals of the company, is set at 116.20M, equal to the value of $1.69B in market capitalization. In the last 30 days, Matador Resources Company shares went down by -28.72%, adding 19.67 to growth in value, on top of a +0.14% boost since 09/10/19.
Matador Resources Company (NYSE:MTDR) Analyst’s Estimates
Matador Resources Company (MTDR) could record at least $0.26 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 1.63 YOY.
According to the average analyst rating, Matador Resources Company would be rated as Overweight. Out of 20 different analysts monitoring MTDR stock, 13 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 2 indicate that MTDR is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 04, 2019, the stock earned a Upgrade rating due to a new analyst call from CapitalOne, while analysts from Williams Capital Group believe that the stock is set at Buy, as concluded on September 18, 2019. Stephens, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on July 23, 2019.
Regardless of the rating, JP Morgan did decrease their price from $28 to $26 as they are considering target share price analysis. MKM Partners, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May 28, 2019, giving the stock a Buy from the Neutral rating.
MTDR Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +43.88% has been attained, while the operating margin has been recorded at +35.55%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 9.79%. Beta value of the stock is recorded at 2.03. Additionally, Matador Resources Company is recording price volatility of 4.69% for the period of the last seven days and 5.25% in the last 30 days.
Matador Resources Company (NYSE:MTDR) Technical Outlook
For the period of the last 50 days, Matador Resources Company had its Raw Stochastic average set at 9.60% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 0.35%. Stochastic %K for Matador Resources Company, with the last 20 days included, was set at 1.54%, having Stochastic %D topping 4.84%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Matador Resources Company stocks with recording -6.50% in metrics.
Matador Resources Company Insider Watch:
Similarly, 105.18% of the company’s float is held by institutions – and there are 329 institutions in total holding shares of this company. The top three institutional holders of MTDR stocks are: Blackrock Inc. with ownership of $247.82 million, which is approximately 12465875 of the company’s shares; Vanguard Group, Inc. (The), holding 10308531 shares of the stock with an approximate value of $204.93 million; and Price (T.Rowe) Associates Inc, currently with more than 5725552 shares of the company valued at $113.82 million. Positions in Matador Resources Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 27 insider purchases amounting to 182652 shares.