In the last trading session, 1,060,000,000 shares of the Matador Resources Company (NYSE:MTDR) were traded, and its beta was 4.87. Most recently the company’s share price was $24.16, and it changed around $0.47 or 0.02% from the last close, which brings the market valuation of the company to $2.82 Billion. MTDR currently trades at a discount to its 52-week high of $27.43, offering almost -13.53% off that amount. The share price’s 52-week low was $2.69, which indicates that the current value has risen by an impressive 88.87% since then. We note from Matador Resources Company’s average daily trading volume that its 10-day average is 1.72 Million shares, with the 3-month average coming to 2.24 Million.
Matador Resources Company stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 15 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended MTDR as a Hold, whereas 8 deemed it a Buy, and no one rated it as Underweight. Matador Resources Company is expected to report earnings per share of $0.39 for the current quarter.
Matador Resources Company (NYSE:MTDR): Trading Information
Instantly MTDR has showed a green trend with a performance of 1.98% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $25.70 on Thursday, Apr 01 increased the stock’s daily price by 5.99%. The company’s shares are currently up 1% year-to-date, but still up 0.04 over the last five days. On the other hand, Matador Resources Company (NYSE:MTDR) is -0.09% down in the 30-day period. We can see from the shorts that 16.16 Million shares have been sold at a short interest cover period of 7.21 day (s).
The consensus price target as assigned by Wall Street analysts is $25.93, which translates to bears needing to increase their stock price by 7.33% from its current value. Analyst projections state that MTDR is forecast to be at a low of $17 and a high of $35. In order for the stock price to hit the forecast high, the stock would need to surge +44.87% from its current level, while the stock would need to crash -29.64% from its current level to reach the projected low.
Matador Resources Company (MTDR) projections and forecasts
Matador Resources Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +191.44 percent over the past six months and at a 310.71% annual growth rate that is well above the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +95% in revenue this quarter, and will report an increase of 2000% in the next quarter. The year-over-year growth rate is expected to be 42.4%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $259.95 Million in revenue for the current quarter. 9 analysts expect Matador Resources Company to make $316.99 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $237Million and $165.41 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.7%. Forecasts for the next quarter put sales growth at 91.6%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.3%. Matador Resources Company earnings are expected to decrease by -781.6% in 2021, but the outlook is positive 10.4% per year for the next five years.
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MTDR Dividend Yield
Matador Resources Company’s next quarterly earnings report is expected to be released around April 27 – May 03, 2021. The annual dividend yield of the stock is 0.39 percent and its annual dividend per share was $0.1. It is important to note, however, that the 0.39% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Matador Resources Company (NYSE:MTDR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 5.95% of Matador Resources Company shares, and 87.36% of them are in the hands of institutional investors. The stock currently has a share float of 92.88%. Matador Resources Company stock is held by 312 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 14.95% of the shares, which is about 17.46 Million shares worth $210.51 Million.
Vanguard Group, Inc. (The), with 10.04% or 11.72 Million shares worth $141.33 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 7354918 shares worth $153.64 Million, making up 6.3% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.15 Million shares worth around $37.95 Million, which represents about 2.69% of the total shares outstanding.