At the time of writing, Matador Resources Co [MTDR] stock is trading at $68.47, up 2.30%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MTDR shares have gain 5.16% over the last week, with a monthly amount glided 9.01%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Matador Resources Company Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 5.875% Senior Notes Due 2026. In a post published today on Yahoo Finance, Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% Senior Notes due 2026 (the “Notes”).
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.
For the past year, the stock price of Matador Resources Co fluctuated between $42.04 and $69.40. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. Matador Resources Co [NYSE: MTDR] shares were valued at $68.47 at the most recent close of the market. An investor can expect a potential drop of -6.53% based on the average MTDR price forecast.
Analyzing the MTDR fundamentals
According to Matador Resources Co [NYSE:MTDR], the company’s sales were 2.82B for trailing twelve months, which represents an 18.09% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
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 67.43 points at the first support level, and at 66.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.10, and for the 2nd resistance point, it is at 69.72.
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
It is important to note that Matador Resources Co [NYSE:MTDR] has a current ratio of 1.04. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 3.03, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 9.71.
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.
