The price of Matador Resources Co (NYSE:MTDR) shares last traded on Wall Street fell -0.05% to $59.60.
MTDR stock price is now -3.07% away from the 50-day moving average and -1.10% away from the 200-day moving average. The market capitalization of the company currently stands at $7.44B.
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With the price target of $83, Stephens recently initiated with Overweight rating for Matador Resources Co (NYSE: MTDR). On November 15, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $73, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Erman Bryan A, EVP, GC and Head of M&A bought 1,750 shares of the company’s stock on Jun 14 ’24. The stock was bought for $97,825 at an average price of $55.90. Upon completion of the transaction, the EVP, GC and Head of M&A now directly owns 1,750 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’23, Director Appel Shelley F bought 500 shares of the business’s stock. A total of $26,490 was incurred on buying the stock at an average price of $52.98. This leaves the insider owning 54,708 shares of the company worth $3.26 million. A total of 7.65% of the company’s stock is owned by insiders.
During the past 12 months, Matador Resources Co has had a low of $49.12 and a high of $71.08. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 0.89, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $9612320768, which is based on a 8.16 price-to-earnings ratio, a 0.78 price-to-earnings-growth ratio, and a beta of 3.29. The fifty day moving average price for MTDR is $61.3694 and a two-hundred day moving average price translates $60.2454 for the stock.
The latest earnings results from Matador Resources Co (NYSE: MTDR) was released for 2024-03-31. The net profit margin was 28.84% and return on equity was 22.86% for MTDR. The company reported revenue of $787.69 million for the quarter, compared to $560.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.59 percent.
