Matador Resources Company (NYSE:MTDR) traded at $56.10 at close of the session on Wednesday, September 21, made an upward move of 1.28% on its previous day’s price.
Looking at the stock we see that its previous close was $55.39 and the beta (5Y monthly) reads 3.78 with the day’s price range being $54.44 – $56.15. The company has a trailing 12-month PE ratio of 6.37. In terms of its 52-week price range, MTDR has a high of $67.78 and a low of $29.05. The company’s stock has lost about -7.05% over that past 30 days.
Matador Resources Company has a market cap of $6.75 billion and is expected to release its quarterly earnings report on Apr 26, 2022 – May 02, 2022. With its Forward Dividend at 0.40 and a yield of 0.72%, the company’s investors could be anxious for the MTDR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.85, with the EPS growth for the year raised at $11.27 for 2022 and $10.36 for next year. These figures represent 165.20% and -8.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $766.17 million, with a low of $673.6 million and a high of $925 million. The median projection represents growth squeezing down to 96.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $3.03 billion, or 82.00% up from figures reported last year.
There have been 3 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MTDR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Matador Resources Company (MTDR) stock as a Hold, while 9 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the MTDR stock currently stands at 0.61, and the current price level is -4.97% off its SMA20 and 0.72% from its 50-day simple moving average. The RSI (14) is pointing at 45.78 while the volatility over the past week is 4.81% and jumps to 4.13% over the past one month. The beta value is 3.64, while the average true range (ATR) is currently pointing at 2.75. The average price target for the stock over the next 12 months is $74.67, with the estimates having a low of $64.00 and a high of $96.00. These price ends are -14.08% and -71.12% off the current price level respectively, although investors could be excited at the prospect of a -27.45% if the MTDR share price touches on the median price of $71.50.
Let’s briefly compare Matador Resources Company (MTDR) stock to its peers. We find that current price change of 1.28% and 87.45% over the past 12 months for MTDR competes that of EOG Resources Inc. (EOG), which has seen its stock price rise 0.68% in the last trading session and was 77.15% over the last one year. Another of its peers Civitas Resources Inc. (CIVI) has dropped -0.32% previous session, and was 51.58% up over the past year, while Marathon Oil Corporation (MRO) was also down -0.45% in the last session, while its price remained in the green at 124.39% over the same period. Matador Resources Company has a P/E ratio of 6.37 compared to EOG Resources Inc.’s 12.27 and Civitas Resources Inc.’s 6.10. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.46% and 0.45%, respectively, at close of the trading.
Coming back to Matador Resources Company (NYSE:MTDR), we note that the average 3-month trading volume was 1.29 million, while that of the preceding 10-day period stands at 1.22 million. Current shares outstanding are 118.10 million.
The insiders hold 0.60% of the company’s shares while institutions hold 94.10%. The data shows that short shares as of Jul 14, 2022, stood at 9.03 million at a short ratio of 5.19. This represents a 7.64% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 8.88 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 50.03% up in year-to-date price movement.