A share price of Matador Resources Co [MTDR] is currently trading at $64.92, up 0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTDR shares have gain 3.28% over the last week, with a monthly amount glided 18.79%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Matador Resources Company Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Operational Update, 2024 Operating Plan and Market Guidance. In a post published today on Yahoo Finance, Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the fourth quarter and full year 2023. A slide presentation summarizing the highlights of Matador’s fourth quarter and full year 2023 earnings release and 2024 operating plan is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.
From an analyst’s perspective:
Matador Resources Co [NYSE: MTDR] stock has seen the most recent analyst activity on November 15, 2023, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $73. Previously, Mizuho upgraded its rating to Buy on August 16, 2023, and elevated its price target to $78. On January 10, 2023, Mizuho initiated with a Neutral rating and assigned a price target of $70 on the stock. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $72 as its price target on September 20, 2022. Wells Fargo upgraded its rating to Overweight for this stock on November 19, 2021, and upped its price target to $53. In a note dated October 28, 2021, CapitalOne downgraded an Equal Weight rating on this stock and revised its target price from $46 to $44.
Matador Resources Co experienced fluctuations in its stock price throughout the past year between $42.04 and $67.71. Currently, Wall Street analysts expect the stock to reach $57.67 within the next 12 months. Matador Resources Co [NYSE: MTDR] shares were valued at $64.92 at the most recent close of the market. An investor can expect a potential drop of -11.17% based on the average MTDR price forecast.
Analyzing the MTDR fundamentals
Trailing Twelve Months sales for Matador Resources Co [NYSE:MTDR] were 2.82B which represents 18.09% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.24 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.36 points at the first support level, and at 63.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.21, and for the 2nd resistance point, it is at 65.51.
Matador Resources Co [MTDR] reported earnings per share of $1.99 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.78/share, meaning a difference of $0.21 and a surprise factor of 11.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.86 per share as compared to estimates of $1.65 per share, a difference of $0.21 representing a surprise of 12.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Matador Resources Co [NYSE:MTDR] is 1.04. On the other hand, the Quick Ratio is 0.98, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.75, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 9.20.
Transactions by insiders
Recent insider trading involved Appel Shelley F, Director, that happened on Dec 13 ’23 when 500.0 shares were purchased. Director, PARKER TIMOTHY E. completed a deal on Dec 12 ’23 to buy 5000.0 shares. Meanwhile, Director Ehrman Monika U bought 200.0 shares on Dec 12 ’23.
