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Matador Resources Company (NYSE: MTDR) Stock Seems Like A Good Option

Matador Resources Company (NYSE:MTDR) shares, rose in value on Friday, May 13, with the stock price up by 6.26% to the previous day’s close as strong demand from buyers drove the stock to $48.54.

Actively observing the price movement in the recent trading, the stock is buoying the session at $45.68, falling within a range of $43.72 and $46.73. The value of beta (5-year monthly) is 4.41 whereas the PE ratio is 7.47 over 12-month period. Referring to stock’s 52-week performance, its high was $59.27, and the low was $24.76. On the whole, MTDR has fluctuated by -18.44% over the past month.

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With the market capitalization of Matador Resources Company currently standing at about $5.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2022 – May 02, 2022. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.44%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.15, which is expected to increase to $2.1 for fiscal year $4.06 and then to about $6.33 by fiscal year 2022. Data indicates that the EPS growth is expected to be 651.90% in 2022, while the next year’s EPS growth is forecast to be 55.90%.

Analysts have estimated the company’s revenue for the quarter at $440.75 million, with a low estimate of $394 million and a high estimate of $546 million. According to the average forecast, sales growth in current quarter could jump up 96.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $1.6 billion, representing an increase of 86.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MTDR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.72, with the price of MTDR currently trading nearly -6.15% and -8.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.00, while the 7-day volatility ratio is showing 8.47% which for the 30-day chart, stands at 6.48%. Furthermore, Matador Resources Company (MTDR)’s beta value is 3.84, and its average true range (ATR) is 3.44.

A comparison of Matador Resources Company (MTDR) with its peers suggests the former has fared considerably weaker in the market. MTDR showed an intraday change of 6.26% in today’s session so far, and over the past year, it grew by 63.26%%. In comparison, EOG Resources Inc. (EOG) has moved higher at 3.73% today and is up 58.28% over the past 12 months. On the other hand, the price of Civitas Resources Inc. (CIVI) has risen 6.61% today. The stock, however, is off 51.17% from where it was a year ago. Additionally, there is a gain of 6.57% for Marathon Oil Corporation (MRO) in recent trading while the stock has seen an overall depriciation of 127.01%% over the past year. The PE ratio stands at 7.47 for Matador Resources Company, compared to 16.07 for EOG Resources Inc., and 14.75 for Civitas Resources Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.38%. Meanwhile, the Dow Jones Industrial Improved by 1.57%.

Data on historical trading for Matador Resources Company (NYSE:MTDR) indicates that the trading volumes over the past 10 days have averaged 1.78 million and over the past 3 months, they’ve averaged 2.37 million. According to company’s latest data on outstanding shares, there are 117.95 million shares outstanding.

Nearly 1.40% of Matador Resources Company’s shares belong to company insiders and institutional investors own 94.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.19 million shares as on Dec 14, 2021, resulting in a short ratio of 6.95. According to the data, the short interest in Matador Resources Company (MTDR) stood at 8.69% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 10.54 million. The stock has risen by 23.73% 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.

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