Why Matador Resources Company [MTDR] Stock Will Fly to $15.00 Over the Next 12 Months

Matador Resources Company [MTDR] shares are down more than -22.92% this year and recently increased 0.02% or $0.26 to settle at $10.56. Analysts expect MTDR to grow earnings at a 10.40% annual rate over the next 5 years. MTDR has a short ratio of 6.97. This implies that the market is currently less bullish on the outlook for MTDR.

On 28, October 2020, Matador Resources Co. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / October 28, 2020/ Matador Resources Co. (NYSE: MTDR) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on October 28, 2020 at 10:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Matador Resources Company [NYSE:MTDR] stock was on September 14, 2020, when it was Upgrade with an Overweight rating from Wells Fargo, which also raised its 12-month price target on the stock from $10 to $13. Before that, on September 22, 2020, Truist Recapitulated a Buy rating and elevated its amount target to $15. On July 23, 2020, JP Morgan Downgrade a Neutral rating. On July 22, 2020, Cowen Upgrade an Outperform rating and increased its price target to $12.75. On July 20, 2020, Stifel Upgrade a Buy rating and increased its price target to $12. On July 20, 2020, Raymond James Upgrade an Outperform rating and boosted its amount on this stock to $11. On July 14, 2020, MKM Partners Upgrade a Buy rating and boosted its target amount on this stock to $12. MKM Partners elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.11 and a peak of $19.83. Right now, according to Wall Street analyst the average 12-month amount target is $12.04. At the most recent market close, shares of Matador Resources Company [NYSE:MTDR] were valued at $10.56. According to the average price forecast, investors can expect a potential return of -0.42%.

FUNDAMENTAL ANALYSIS

Matador Resources Company [NYSE:MTDR] most recently reported quarterly sales of 221.82 billion, which represented growth of -27.20%. This publicly-traded organization’s revenue is $3,381,299 per employee, while its income is $288,740 per employee. This company’s Gross Margin is currently 66.90%, its Operating Margin is -42.90%, its Pretax Margin is +15.42, and its Net Margin is +8.54. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.33, 4.98, 8.32 and 2.72 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 47.74 and the whole liability to whole assets at 41.17. It shows enduring liability to the whole principal at 46.29 and enduring liability to assets at 0.40 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 10.11 points at 1st support level, the second support level is making up to 9.67. But as of 1st resistance point, this stock is sitting at 11.11 and at 11.67 for 2nd resistance point.

Matador Resources Company [MTDR] reported its earnings at $0.1 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.07/share signifying the difference of 0.17 and 242.90% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.03 calling estimates for -$0.16/share with the difference of 0.13 depicting the surprise of 81.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Matador Resources Company [NYSE:MTDR] is 0.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.16. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.05 and it’s amount to book ratio is 1.14.

Insider Stories

The most recent insider trade was by Ehrman Monika U, Director, and it was the purchase of 1123.0 shares on Nov 17. Foran Joseph Wm, the Chairman and CEO, completed a purchase of 15000.0 shares on Nov 06. On Nov 06, Goodwin Billy E, EVP, COO – Operations, completed a purchase of 1000.0 shares.