Matador Resources Co (NYSE: MTDR)’s stock price has gone rise by 1.18 in comparison to its previous close of 64.24, however, the company has experienced a 4.65% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that Matador is projected to generate a bit over $700 million in 2024 free cash flow at current strip prices. It has been growing production through a combination of acquisitions and development. MTDR’s balance sheet remains healthy, as evidenced by its ability to issue 6.5% notes due 2032 recently.
Is It Worth Investing in Matador Resources Co (NYSE: MTDR) Right Now?
The price-to-earnings ratio for Matador Resources Co (NYSE: MTDR) is above average at 8.90x. The 36-month beta value for MTDR is also noteworthy at 3.34. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for MTDR is 114.25M, and at present, short sellers hold a 8.61% of that float. The average trading volume of MTDR on May 10, 2024 was 1.54M shares.
MTDR’s Market Performance
MTDR stock saw a decrease of 4.65% in the past week, with a monthly decline of -7.34% and a quarterly a decrease of 17.29%. The volatility ratio for the week is 1.86%, and the volatility levels for the last 30 days are 2.83% for Matador Resources Co (MTDR). The simple moving average for the past 20 days is -0.10% for MTDR’s stock, with a 8.08% simple moving average for the past 200 days.
Analysts’ Opinion of MTDR
Many brokerage firms have already submitted their reports for MTDR stocks, with Wells Fargo repeating the rating for MTDR by listing it as a “Overweight.” The predicted price for MTDR in the upcoming period, according to Wells Fargo is $73 based on the research report published on November 15, 2023 of the previous year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see MTDR reach a price target of $78, previously predicting the price at $66. The rating they have provided for MTDR stocks is “Buy” according to the report published on August 16th, 2023.
Mizuho gave a rating of “Neutral” to MTDR, setting the target price at $70 in the report published on January 10th of the previous year.
MTDR Trading at -1.28% from the 50-Day Moving Average
After a stumble in the market that brought MTDR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.55% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -6.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.67% upper at present.
During the last 5 trading sessions, MTDR rose by +4.65%, which changed the moving average for the period of 200-days by +14.96% in comparison to the 20-day moving average, which settled at $64.84. In addition, Matador Resources Co saw 14.32% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTDR starting from Appel Shelley F, who purchase 500 shares at the price of $52.98 back on Dec 13 ’23. After this action, Appel Shelley F now owns 54,708 shares of Matador Resources Co, valued at $26,490 using the latest closing price.
PARKER TIMOTHY E., the Director of Matador Resources Co, purchase 5,000 shares at $52.13 during a trade that took place back on Dec 12 ’23, which means that PARKER TIMOTHY E. is holding 79,257 shares at $260,650 based on the most recent closing price.
Stock Fundamentals for MTDR
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.46 for the gross margin
The net margin for Matador Resources Co stands at 0.29. The total capital return value is set at 0.17. Equity return is now at value 22.86, with 12.52 for asset returns.
Based on Matador Resources Co (MTDR), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 1.03. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 8.77.
Currently, EBITDA for the company is 1.94 billion with net debt to EBITDA at 0.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.31. The receivables turnover for the company is 5.73for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In summary, Matador Resources Co (MTDR) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
