Matador Resources Co (MTDR) Shares on the Decline: Short-term Analysis

A share price of Matador Resources Co [MTDR] is currently trading at $51.70, down -0.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTDR shares have gain 4.47% over the last week, with a monthly amount drifted -9.46%, 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 July 25, 2024, when CapitalOne upgraded its rating to a Overweight and also boosted its price target to $84 from $80. On June 21, 2024, Stephens initiated with a Overweight rating and assigned a price target of $83 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $73 on November 15, 2023. Mizuho upgraded its rating to a Buy and raised its price target to $78 on August 16, 2023. Mizuho started tracking with a Neutral rating for this stock on January 10, 2023, and assigned it a price target of $70.

Matador Resources Co experienced fluctuations in its stock price throughout the past year between $48.22 and $71.08. Currently, Wall Street analysts expect the stock to reach $78 within the next 12 months. Matador Resources Co [NYSE: MTDR] shares were valued at $51.70 at the most recent close of the market. An investor can expect a potential return of 50.87% based on the average MTDR price forecast.

Analyzing the MTDR fundamentals

Trailing Twelve Months sales for Matador Resources Co [NYSE:MTDR] were 3.24B which represents 31.59% 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 0.38%, 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 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.

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 51.01 points at the first support level, and at 50.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.56, and for the 2nd resistance point, it is at 53.42.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Matador Resources Co [NYSE:MTDR] is 0.86. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 6.66.

Transactions by insiders

Recent insider trading involved Baty Robert Gaines, Director, that happened on Sep 13 ’24 when 500.0 shares were purchased. EVP, Reservoir Engineering, Elsener William Thomas completed a deal on Sep 10 ’24 to buy 500.0 shares. Meanwhile, Director Appel Shelley F bought 300.0 shares on Sep 09 ’24.

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