Closing Bell Recap: Matador Resources Co (MTDR) Ends at 59.04, Reflecting a 1.44 Upturn

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Matador Resources Co (NYSE: MTDR) closed the day trading at $59.04 up 1.44% from the previous closing price of $58.20. In other words, the price has increased by $1.44 from its previous closing price. On the day, 1.07 million shares were traded. MTDR stock price reached its highest trading level at $59.165 during the session, while it also had its lowest trading level at $57.9.

Ratios:

For a better understanding of MTDR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 99.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.85. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.45.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stephens on June 21, 2024, initiated with a Overweight rating and assigned the stock a target price of $83.

On November 15, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $73.

Mizuho Upgraded its Neutral to Buy on August 16, 2023, whereas the target price for the stock was revised from $66 to $78.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 14 ’24 when Erman Bryan A bought 1,750 shares for $55.90 per share. The transaction valued at 97,825 led to the insider holds 1,750 shares of the business.

Appel Shelley F bought 500 shares of MTDR for $26,490 on Dec 13 ’23. The Director now owns 54,708 shares after completing the transaction at $52.98 per share. On Dec 12 ’23, another insider, PARKER TIMOTHY E., who serves as the Director of the company, bought 5,000 shares for $52.13 each. As a result, the insider paid 260,650 and bolstered with 79,257 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTDR now has a Market Capitalization of 7367011328 and an Enterprise Value of 9542444032. As of this moment, Matador’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.08, and their Forward P/E ratio for the next fiscal year is 6.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 3.378 whereas that against EBITDA is 4.579.

Stock Price History:

The Beta on a monthly basis for MTDR is 3.29, which has changed by 0.09658241 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, MTDR has reached a high of $71.08, while it has fallen to a 52-week low of $49.12. The 50-Day Moving Average of the stock is -3.14%, while the 200-Day Moving Average is calculated to be -1.92%.

Shares Statistics:

Over the past 3-months, MTDR traded about 1.70M shares per day on average, while over the past 10 days, MTDR traded about 2891460 shares per day. A total of 119.46M shares are outstanding, with a floating share count of 115.24M. Insiders hold about 7.65% of the company’s shares, while institutions hold 91.61% stake in the company. Shares short for MTDR as of 1718323200 were 9829622 with a Short Ratio of 5.80, compared to 1715731200 on 9317893. Therefore, it implies a Short% of Shares Outstanding of 9829622 and a Short% of Float of 9.54.

Dividends & Splits

MTDR’s forward annual dividend rate is 0.75, up from 0.7 a year ago. Against a Trailing Annual Dividend Yield of 0.012027491

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