The stock of Matador Resources Company (NYSE:MTDR) increased by $1.75 on Wednesday to $59.57, up 3.03 percent. The last five days have seen an average of 853,382 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $2.36. The average number of shares traded over the last 20 days was 1,458,341, while the average volume over the last 50 days totaled 1,601,144.
MTDR stock appreciated 7.62% since last month. On 07/17/23, the company’s shares reached a one-month low of $51.90. The stock touched a high of $73.78 on 01/27/23, after rallying from a low of $42.04 in 52 weeks. The price of MTDR stock has risen by 4.07% or $2.36 this year, reaching a new high 12 times. Still, the stock price is down -19.26% from the 52-week high.
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Insider Transactions
MTDR stock investors should be aware that Matador Resources Company (MTDR) stock had its last reported insider trading activity 76 days ago on Jun 01. On Jun 01, Chairman and CEO Foran Joseph Wm acquired 652 shares at $44.40 each. This transaction resulted in the insider spending $28,949. On May 23, Ehrman Monika U added 225 shares at a price of US$48.05. After the transaction, the insider now owns 30,428 shares. Chairman and CEO Foran Joseph Wm had earlier bought 2,000 shares on May 04 for $42.40 a share. The transaction was completed for $84,800.
Valuation Metrics
Matador Resources Company (MTDR) has a trailing price-to-earnings (P/E) ratio of 7.78. Beta for the stock is 3.53. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.55, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 8.97.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.05 dividend increase was reported on Wednesday February 15 2023.
Financial Health
For the three months ended June 29, Matador Resources Company’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.65, and the total debt to equity ratio is 0.65. As far as profitability goes, gross margin for the trailing twelve months is 73.80% percent. Matador Resources Company’s EBITDA margin for the year ended June 29 was 74.04%, whereas its operating margin stood at 49.50% for the same period. Based on annual data, it had gross profit of $1.76 billion and revenue of $3.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MTDR’s return on assets (ROA) during the last 12 months has been 15.50%. There was a 31.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 29.10%.
Earnings Surprise
According to Matador Resources Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $638.08 million, while revenues fell by -47.93% to $560.28 million. It was predicted that Matador Resources Company’s quarterly earnings would be $1.42, but it ended up being $1.31, beating the consensus by 8.40%. EBITDA was $431.84 million for the quarter. At the end of Matador Resources Company’s most recent quarter ended June 29, its liabilities totaled 3.51 billion, while its total debt was $2.22 billion. Equity owned by shareholders amounts to $119.15 million.
Technical Picture
Here’s a quick look at Matador Resources Company’s (MTDR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 64.14%, suggesting the stock is Neutral, with a 25.10% historical volatility rate.
The stochastic %K and %D were 78.04% and 75.94% respectively, while the average true range (ATR) was 1.99. Based on the 14-day stochastic reading of 85.81%, the RSI (14) reading is 63.24%. On the 9-day MACD Oscillator, the stock is at 0.21, and the 14-day reading is at 1.28.
Analyst Ratings
In its most recent analyst report, Mizuho raised its rating on Matador Resources Company (NYSE: MTDR) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Matador Resources Company (MTDR) an Buy rating. MTDR is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is MTDR’s price target for the next 12 months?
The current consensus forecast for the stock is between $62.00 and $87.00, with a median target price of $70.00. In analyzing these forecasts, the average price target given by analysts for Matador Resources Company (MTDR) is $71.14.
