On January 24, 2023, Matador Resources Company (NYSE: MTDR) opened at $62.53, higher 1.68% from the last session. During the day, the shares moved up to $63.98 and dropped to $61.75 before settling in for the closing price of $62.40. Price fluctuations for MTDR have ranged from $37.50 to $73.78 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 44.50% annually for the last half of the decade. Company’s average yearly earnings per share was noted 196.10% at the time writing. With a float of $111.12 million, this company’s outstanding shares have now reached $118.14 million.
In an organization with 286 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +58.46, operating margin of +53.28, and the pretax margin is +38.42.
Matador Resources Company (MTDR) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Matador Resources Company is 0.20%, while institutional ownership is 92.80%. The most recent insider transaction that took place on Dec 15, was worth 11,465. In this transaction Director of this company bought 200 shares at a rate of $57.32, taking the stock ownership to the 30,203 shares. Before that another transaction happened on May 04, when Company’s Director bought 200 for $51.51, making the entire transaction worth $10,302. This insider now owns 27,963 shares in total.
Matador Resources Company (MTDR) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $2.68 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.49) by $0.19. This company achieved a net margin of +31.41 while generating a return on equity of 36.63. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 196.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.40% during the next five years compared to 45.80% growth over the previous five years of trading.
Matador Resources Company (NYSE: MTDR) Trading Performance Indicators
Check out the current performance indicators for Matador Resources Company (MTDR). In the past quarter, the stock posted a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.52. Likewise, its price to free cash flow for the trailing twelve months is 4.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.80, a number that is poised to hit 2.13 in the next quarter and is forecasted to reach 8.76 in one year’s time.
Technical Analysis of Matador Resources Company (MTDR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was better than the volume of 0.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 89.96%. Additionally, its Average True Range was 2.36.
During the past 100 days, Matador Resources Company’s (MTDR) raw stochastic average was set at 63.88%, which indicates a significant decrease from 95.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.29% in the past 14 days, which was lower than the 54.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.73, while its 200-day Moving Average is $57.26. However, in the short run, Matador Resources Company’s stock first resistance to watch stands at $64.37. Second resistance stands at $65.29. The third major resistance level sits at $66.60. If the price goes on to break the first support level at $62.14, it is likely to go to the next support level at $60.83. The third support level lies at $59.91 if the price breaches the second support level.
Matador Resources Company (NYSE: MTDR) Key Stats
There are currently 118,162K shares outstanding in the company with a market cap of 7.36 billion. Presently, the company’s annual sales total 1,663 M according to its annual income of 584,970 K. Last quarter, the company’s sales amounted to 840,930 K and its income totaled 337,570 K.