In today’s recent session, 0.8 million shares of the Matador Resources Co (NYSE:MTDR) have been traded, and its beta is 3.33. Most recently the company’s share price was $66.55, and it changed around $1.41 or 2.16% from the last close, which brings the market valuation of the company to $8.30B. MTDR at last check was trading at a discount to its 52-week high of $71.08, offering almost -6.81% off that amount. The share price’s 52-week low was $42.04, which indicates that the recent value has risen by an impressive 36.83% since then. We note from Matador Resources Co’s average daily trading volume that its 3-month average coming to 1.46 million.
Matador Resources Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.41. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended MTDR as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Matador Resources Co is expected to report earnings per share of $1.74 for the current quarter.
Matador Resources Co (NYSE:MTDR) trade information
Instantly MTDR has been showing a green trend so far today with a performance of 2.16% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 17.04% year-to-date, but still up 1.37% over the last five days. On the other hand, Matador Resources Co (NYSE:MTDR) is -2.92% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $66, which translates to bulls needing to decrease their stock price by -0.83% from its current value. Analyst projections state that MTDR is forecast to be at a low of $43 and a high of $76.
Matador Resources Co (MTDR) estimates and forecasts
Matador Resources Co 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 4.36 percent over the past six months and at a 7.83% annual growth rate that is well above the industry average of -3.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 22.50% in revenue this quarter, and will report an increase of 4.30% in the next quarter. The year-over-year growth rate is expected to be 17.10%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $786.24 million in revenue for the current quarter. 9 analysts expect Matador Resources Co to make $840.83 million in revenue for the quarter ending Sep 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.93%. Matador Resources Co earnings are expected to increase by 10.51% in 2024, but the outlook is positive 10.40% per year for the next five years.
MTDR Dividends
Matador Resources Co’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.05 percent and its annual dividend per share was 0.70. It is important to note, however, that the 1.05% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
