Matador Resources Company (NYSE:MTDR) saw an upside of 1.35% to close Monday at $42.75 after adding $0.57 on the day. The 5-day average trading volume is 2,016,100 shares of the company’s common stock. It has gained $44.38 in the past week. An average of 2,072,420 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,585,132.
MTDR’s 1-month performance is 49.32% or $14.12 on its low of $28.70 reached on 09/14/21. The company’s shares have touched a 52-week low of $6.29 and high of $42.63, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, MTDR has achieved 254.48% or $30.69. However, the current price is up 0.27%% from the 52-week high price.
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Matador Resources Company (MTDR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 41.27 and a low of 1.096. MTDR stock has a beta of 4.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.62 while the price-to-book (PB) in the most recent quarter is 3.37, with the price to cash flow ratio at 7.07.
Matador Resources Company pays an annual dividend of $0.10 per share. Its dividend yield is 0.23%. MTDR’s most recent quarterly dividend payment was made on Sep. 3, when it paid $0.0250 a share compared with prior rate of $0.0250, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive year.
It is projected that Matador Resources Company’s next ex-dividend date will be on 15-Nov. MTDR is expected to distribute $0.025 as its next dividend.
Matador Resources Company’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.80 meaning that MTDR stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.10, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 70.60%. The trailing 12-month EBITDA margin is 60.82% while for the period ending June 29; Matador Resources Company’s operating margin was -4.00%. The firm’s gross profit as reported stood at -$521.5 million against revenue of $862.13 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MTDR to announce $0.77 per share in earnings in its latest quarter, but it posted $1.02, representing a 32.50% surprise. EBITDA for the quarter stood at more than $237.48 million. MTDR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.13 billion, with total debt at $1.65 billion. Shareholders hold equity totaling $116.98 million
Let’s look briefly at Matador Resources Company (MTDR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 76.73% to suggest the stock is trending Overbought, with historical volatility in this time period at 49.38%.
The stock’s 5-day moving average is $41.14, reflecting a +5.66% or $2.29 change from its current price. MTDR is currently trading +44.62% above its 20-day SMA, +48.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +38.35% and +245.04% respectively.
Stochastic %K and %D was 92.07% and 88.49% and the average true range (ATR) pointed at 2.06. The RSI (14) points at 74.73%, while the 14-day stochastic is at 87.98% with the period’s ATR at 1.94. The stock’s 9-day MACD Oscillator is pointing at 1.74 and 3.72 on the 14-day charts.
In the most recent analyst report for Matador Resources Company (NYSE: MTDR), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for MTDR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MTDR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is MTDR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $33.00 and a high of $54.00, with their median price target at $40.00. Looking at these predictions, the average price target given by analysts is for Matador Resources Company (MTDR) stock is $40.86.