On November 17, 2023, Matador Resources Co (NYSE: MTDR) opened at $57.22, higher 3.47% from the last session. During the day, the shares moved up to $58.38 and dropped to $57.09 before settling in for the closing price of $56.16. Price fluctuations for MTDR have ranged from $42.04 to $69.41 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 50.11%. Company’s average yearly earnings per share was noted -32.97% at the time writing. With a float of $109.58 million, this company’s outstanding shares have now reached $118.95 million.
Let’s determine the extent of company efficiency that accounts for 360 employees. In terms of profitability, gross margin is +63.01, operating margin of +59.37, and the pretax margin is +52.73.
Matador Resources Co (MTDR) Breakdown of a Key Holders of the stock
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 Co is 8.02%, while institutional ownership is 88.21%. The most recent insider transaction that took place on Nov 16, was worth 110,800. In this transaction Chairman and CEO of this company bought 2,000 shares at a rate of $55.40, taking the stock ownership to the 22,637 shares. Before that another transaction happened on Sep 12, when Company’s Director bought 158 for $63.21, making the entire transaction worth $9,987. This insider now owns 49,199 shares in total.
Matador Resources Co (MTDR) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $1.86 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.65) by $0.21. This company achieved a net margin of +37.98 while generating a return on equity of 48.39. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -32.97% 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 52.39% growth over the previous five years of trading.
Matador Resources Co (NYSE: MTDR) Trading Performance Indicators
Check out the current performance indicators for Matador Resources Co (MTDR). In the past quarter, the stock posted a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.57. Likewise, its price to free cash flow for the trailing twelve months is 15.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.05, a number that is poised to hit 2.29 in the next quarter and is forecasted to reach 9.23 in one year’s time.
Technical Analysis of Matador Resources Co (MTDR)
Looking closely at Matador Resources Co (NYSE: MTDR), its last 5-days average volume was 1.37 million, which is a drop from its year-to-date volume of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 41.11%. Additionally, its Average True Range was 2.24.
During the past 100 days, Matador Resources Co’s (MTDR) raw stochastic average was set at 48.36%, which indicates a significant increase from 36.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.44% in the past 14 days, which was higher than the 37.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.01, while its 200-day Moving Average is $54.58. However, in the short run, Matador Resources Co’s stock first resistance to watch stands at $58.63. Second resistance stands at $59.15. The third major resistance level sits at $59.92. If the price goes on to break the first support level at $57.34, it is likely to go to the next support level at $56.57. Now, if the price goes above the second support level, the third support stands at $56.05.
Matador Resources Co (NYSE: MTDR) Key Stats
There are currently 119,135K shares outstanding in the company with a market cap of 6.92 billion. Presently, the company’s annual sales total 3,058 M according to its annual income of 1,214 M. Last quarter, the company’s sales amounted to 772,290 K and its income totaled 263,740 K.