Matador Resources Company s trend and data analysis indicates that the stock price has dropped -9.27% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -5.09% . Looking at the past 52 week period, the stock price is up at 15.56% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Matador Resources Company has a positive value of 22.18 compared to overall market.Matador Resources Company is having a Relative Strength Index of 41.53 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Matador Resources Company (NYSE:MTDR) has tumbled 0.94% during the past week and has dropped 13.81% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.18%. Matador Resources Company (NYSE:MTDR) has underperformed the index by 14.79% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. Matador Resources Company (NYSE:MTDR) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.16 points or 0.69% at $23.1 with 1,822,560 shares getting traded. Post opening the session at $23.38, the shares hit an intraday low of $22.96 and an intraday high of $23.57 and the price was in this range throughout the day. The company has a market cap of $2,311 million and the number of outstanding shares has been calculated to be 100,034,559 shares. The 52-week high of Matador Resources Company (NYSE:MTDR) is $28.51 and the 52-week low is $17.54.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Feb 23, 2017 to Buy, Raises Price Target to $ 36 from a previous price target of $33 .Company shares were Reiterated by RBC Capital Mkts on Feb 3, 2017 to Outperform, Raises Price Target to $ 34 from a previous price target of $31 .Matador Resources Co was Initiated by Raymond James to Outperform on Jan 24, 2017. Matador Resources Co was Initiated by Tudor Pickering to Buy on Jan 20, 2017.
Company has reported several Insider transactions to the SEC, on Mar 2, 2017, Kenneth L. Stewart (director) purchased 10,000 shares at 24.23 per share price.On Mar 1, 2017, Julia P. Forrester (director) purchased 2,000 shares at 24.72 per share price.On Dec 15, 2016, Steven W Ohnimus (director) sold 20,000 shares at 25.78 per share price.
Matador Resources Co Last issued its quarterly earnings results on Feb 22, 2017. The company reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.06. The company had revenue of $94.80 million for the quarter, compared to analysts expectations of $89.82 million. The companys revenue was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.