Matador Resources Co (NYSE:MTDR) shares, rose in value on Wednesday, May 07, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $40.04.
Actively observing the price movement in the last trading, the stock closed the session at $40.33. The PE ratio was 5.38 over 12-month period. Referring to stock’s 52-week performance, its high was $66.89, and the low was $35.19. On the whole, MTDR has fluctuated by 4.46% over the past month.
With the market capitalization of Matador Resources Co currently standing at about $5.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 2.40%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MTDR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of MTDR currently trading nearly -0.76% and -11.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.56, while the 7-day volatility ratio is showing 3.35% which for the 30-day chart, stands at 5.88%. Furthermore, Matador Resources Co (MTDR)’s beta value is 1.47, and its average true range (ATR) is 2.21.
A comparison of Matador Resources Co (MTDR) with its peers suggests the former has fared considerably weaker in the market. MTDR showed an intraday change of -0.72% in last session, and over the past year, it shrunk by -36.73%%.
Data on historical trading for Matador Resources Co (NYSE:MTDR) indicates that the trading volumes over the past 3 months, they’ve averaged 2.02 million. According to company’s latest data on outstanding shares, there are 125.20 million shares outstanding.
Nearly 7.78% of Matador Resources Co’s shares belong to company insiders and institutional investors own 87.70% of the company’s shares. The stock has fallen by -28.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MTDR stock heading into the next quarter.
