Matador Resources Company (NYSE:MTDR) has a beta value of 4.74 and has seen 4,125,334 shares traded in the last trading session. The company, currently valued at $920.8 Million, closed the last trade at $7.9 per share which meant it lost -$0.8 on the day or -9.3% during that session. The MTDR stock price is -160.38% off its 52-week high price of $20.57 and 85.95% above the 52-week low of $1.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.62 Million shares traded. The 3-month trading volume is 6.68 Million shares.
The consensus among analysts is that Matador Resources Company (MTDR) is an Overweight stock at the moment, with a recommendation rating of 2.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 13 out of 18 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.11.
Matador Resources Company (NYSE:MTDR) trade information
Despite being -9.3% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the MTDR stock price touched $10.58- or saw a rise of 25.33%. Year-to-date, Matador Resources Company shares have moved -56.04%, while the 5-day performance has seen it change -22.62%. Over the past 30 days, the shares of Matador Resources Company (NYSE:MTDR) have changed -8.03%. Short interest in the company has seen 25.26 Million shares shorted with days to cover at 3.78.
Wall Street analysts have a consensus price target for the stock at $9.68, which means that the shares’ value could jump 22.53% from current levels. The projected low price target is $4 while the price target rests at a high of $13. In that case, then, we find that the current price level is +64.56% off the targeted high while a plunge would see the stock lose -49.37% from current levels.
Matador Resources Company (MTDR) estimates and forecasts
Figures show that Matador Resources Company shares have underperformed across the wider relevant industry. The company’s shares have lost -55.77% over the past 6 months, with this year growth rate of -110%, compared to -32.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -136.7% and -131.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +2.8%.
13 analysts offering their estimates for the company have set an average revenue estimate of $164.67 Million for the current quarter. 13 have an estimated revenue figure of $179.46 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $218.73 Million and $279.4 Million respectively for this quarter and the next, and analysts expect sales will grow by -24.7% for the current quarter and -35.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.7% over the past 5 years. Earnings growth for 2020 is a modest -68.9% while over the next 5 years, the company’s earnings are expected to increase by 12.9%.
Matador Resources Company (NYSE:MTDR)’s Major holders
Insiders own 5.73% of the company shares, while shares held by institutions stand at 104.35% with a share float percentage of 110.69%. Investors are also buoyed by the number of investors in a company, with Matador Resources Company having a total of 348 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 13.59 Million shares worth more than $33.69 Million. As of March 30, 2020, Blackrock Inc. held 11.66% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 10.75 Million shares as of March 30, 2020. The firm’s total holdings are worth over $26.66 Million and represent 9.22% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Neuberger & Berman Genesis Fund. As of March 30, 2020, the former fund manager holds about 3.53% shares in the company for having 4118556 shares of worth $10.21 Million while later fund manager owns 3.23 Million shares of worth $31.13 Million as of February 28, 2020, which makes it owner of about 2.77% of company’s outstanding stock.