Daily Market Movement: Matador Resources Co (MTDR) Sees a 0.75 Increase, Closing at 52.11

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The closing price of Matador Resources Co (NYSE: MTDR) was $52.11 for the day, up 0.75% from the previous closing price of $51.72. In other words, the price has increased by $0.75 from its previous closing price. On the day, 2.42 million shares were traded. MTDR stock price reached its highest trading level at $53.03 during the session, while it also had its lowest trading level at $51.9.

Ratios:

Our analysis of MTDR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 84.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.86. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.74.

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 the company, CapitalOne on July 25, 2024, Upgraded its rating to Overweight and sets its target price to $84 from $80 previously.

On June 21, 2024, Stephens started tracking the stock assigning a Overweight rating and target price of $83.Stephens initiated its Overweight rating on June 21, 2024, with a $83 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 29 ’24 when Ehrman Monika U bought 305 shares for $50.92 per share. The transaction valued at 15,531 led to the insider holds 36,087 shares of the business.

Baty Robert Gaines bought 500 shares of MTDR for $25,290 on Sep 13 ’24. The Director now owns 67,617 shares after completing the transaction at $50.58 per share. On Sep 10 ’24, another insider, Elsener William Thomas, who serves as the EVP, Reservoir Engineering of the company, bought 500 shares for $49.47 each. As a result, the insider paid 24,735 and bolstered with 102,164 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 6501921280 and an Enterprise Value of 10307402752. As of this moment, Matador’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.90, and their Forward P/E ratio for the next fiscal year is 6.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 3.325 whereas that against EBITDA is 4.392.

Stock Price History:

Over the past 52 weeks, MTDR has reached a high of $71.08, while it has fallen to a 52-week low of $47.15. The 50-Day Moving Average of the stock is -0.41%, while the 200-Day Moving Average is calculated to be -11.52%.

Shares Statistics:

MTDR traded an average of 1.53M shares per day over the past three months and 2251430 shares per day over the past ten days. A total of 119.46M shares are outstanding, with a floating share count of 115.22M. Insiders hold about 7.66% of the company’s shares, while institutions hold 91.30% stake in the company. Shares short for MTDR as of 1728950400 were 7284835 with a Short Ratio of 4.75, compared to 1726185600 on 8413866. Therefore, it implies a Short% of Shares Outstanding of 7284835 and a Short% of Float of 7.0700005.

Dividends & Splits

With its trailing 12-month dividend rate of 0.8, MTDR has a forward annual dividend rate of 0.80. Against a Trailing Annual Dividend Yield of 0.015467904

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