Matador Resources Company (NYSE:MTDR) saw an upside of 1.60% to $59.87 after adding $0.94 on Wednesday. The 5-day average trading volume is 1,021,645 shares of the company’s common stock. It has gained $60.70 in the past week and touched a new high 5 times within the past 5 days. An average of 1,604,491 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,612,541.
MTDR’s 1-month performance is 11.20% or $8.40 on its low of $51.00 reached on 07/10/23. The company’s shares have touched a 52-week low of $42.04 and high of $73.78, with the stock’s rally to the 52-week high happening on 01/27/23. YTD, MTDR has achieved 4.60% or $2.61 and has reached a new high 12 times. However, the current price is down -18.85% from the 52-week high price.
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Valuation Metrics
MTDR stock has a beta of 3.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.55 while the price-to-book (PB) in the most recent quarter is 2.10, with the price to cash flow ratio at 9.70.
Matador Resources Company’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90. In terms of profitability, the gross margin trailing 12 months is 73.80%. The trailing 12-month EBITDA margin is 74.04% while for the period ending June 29, Matador Resources Company’s operating margin was 49.50%. The firm’s gross profit as reported stood at $1.76 billion against revenue of $3.06 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -152.46% to $164.67 million, while revenue of $163.13 million was 0.94% off the previous quarter. Analysts expected MTDR to announce $1.31 per share in earnings in its latest quarter, but it posted $1.42, representing a 8.40% surprise. EBITDA for the quarter stood at more than $431.84 million. MTDR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.51 billion, with total debt at $2.22 billion. Shareholders hold equity totaling $119.15 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 08 August was 73.22% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.95%.
The stock’s 5-day moving average is $58.63, reflecting a +8.09% or $4.48 change from its current price. MTDR is currently trading +11.14% above its 20-day SMA, +31.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.35% and SMA200 by-7.35%.
Stochastic %K and %D was 93.90% and 95.44% and the average true range (ATR) pointed at 2.02. The RSI (14) points at 68.61%, while the 14-day stochastic is at 89.87% with the period’s ATR at 2.01. The stock’s 9-day MACD Oscillator is pointing at 2.00 and 2.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Matador Resources Company (NYSE: MTDR), Mizuho launched coverage with a Neutral rating. 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 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 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 $62.00 and a high of $81.00, with their median price target at $68.50. Looking at these predictions, the average price target given by analysts is for Matador Resources Company (MTDR) stock is $69.36.
