At the time of writing, Matador Resources Co [MTDR] stock is trading at $59.28, up 3.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTDR shares have gain 6.12% over the last week, with a monthly amount drifted -2.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Matador Resources Co [NYSE: MTDR] stock has seen the most recent analyst activity on June 21, 2024, when Stephens initiated its Overweight rating and assigned the stock a price target of $83. Previously, Wells Fargo started tracking the stock with Overweight rating on November 15, 2023, and set its price target to $73. On August 16, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $78 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $70 on January 10, 2023. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on September 20, 2022, and assigned it a price target of $72. In a note dated November 19, 2021, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $46 to $53.
For the past year, the stock price of Matador Resources Co fluctuated between $48.01 and $71.08. Currently, Wall Street analysts expect the stock to reach $76 within the next 12 months. Matador Resources Co [NYSE: MTDR] shares were valued at $59.28 at the most recent close of the market. An investor can expect a potential return of 28.21% based on the average MTDR price forecast.
Analyzing the MTDR fundamentals
According to Matador Resources Co [NYSE:MTDR], the company’s sales were 3.04B for trailing twelve months, which represents an 39.33% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.23 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 0.44.
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 57.90 points at the first support level, and at 56.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.27, and for the 2nd resistance point, it is at 61.25.
Ratios To Look Out For
It is important to note that Matador Resources Co [NYSE:MTDR] has a current ratio of 0.89. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 8.12.
Transactions by insiders
Recent insider trading involved Erman Bryan A, EVP, GC and Head of M&A, that happened on Jun 14 ’24 when 1750.0 shares were purchased. Director, Appel Shelley F completed a deal on Dec 13 ’23 to buy 500.0 shares. Meanwhile, Director PARKER TIMOTHY E. bought 5000.0 shares on Dec 12 ’23.
