Sunday, June 26, 2022

Investing in Matador Resources Company [MTDR]: What You Must Know

Matador Resources Company’s filing revealed that its Director Ehrman Monika U acquired Company’s shares for reported $10302.0 on May 04. In the deal valued at $51.51 per share,200 shares were bought. As a result of this transaction, Ehrman Monika U now holds 27,963 shares worth roughly $ 1.5 million.

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Then, Macalik Robert T bought 1,500 shares, generating $53,250 in total proceeds. Upon buying the shares at $35.50, the SVP, Chief Accounting Officer now owns 28,675 shares.

Before that, Adams Craig N bought 2,000 shares. Matador Resources Company shares valued at $71,100 were divested by the EVP, COO – Land, Legal & Admin at a price of $35.55 per share. As a result of the transaction, Adams Craig N now holds 169,784 shares, worth roughly $9.11 million.

Following these proceedings, Wells Fargo upgraded its Matador Resources Company [MTDR] rating to an Overweight from a an Equal weight in a research note published on Tuesday, November 19, 2021; the price target was increased to $53 from $46. PT values the company’s stock at a premium of -1.21 to its Tuesday closing price. A number of analysts have revised their coverage, including CapitalOne’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Equal weight”. The Benchmark Company also remained covering MTDR and has increased its forecast on October 27, 2021 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company started covering the stock on October 26, 2021. It rated MTDR as “a Hold”.

Price Performance Review of MTDR

On Tuesday, Matador Resources Company [NYSE:MTDR] saw its stock jump 4.77% to $53.64. On the same session, the stock had its day’s lowest price of $51.87, but rose to a high of $54.04. Over the last five days, the stock has lost -11.53%. Matador Resources Company shares have risen nearly 45.29% since the year began. Nevertheless, the stocks have risen 58.14% over the past one year. While a 52-week high of $67.78 was reached on 06/08/22, a 52-week low of $24.76 was recorded on 01/03/22. SMA at 50 days reached $55.15, while 200 days put it at $45.90. A total of 1.43 million shares were traded, compared to the trading of 1.86 million shares in the previous session.

Levels Of Support And Resistance For MTDR Stock

The 24-hour chart illustrates a support level at 52.33, which if violated will result in even more drops to 51.01. On the upside, there is a resistance level at 54.50. A further resistance level may holdings at 55.35. The Relative Strength Index (RSI) on the 14-day chart is 41.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.64%. Stochastics %K at 8.97% indicates the stock is a buying.

Matador Resources Company [MTDR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,097,565 shares, or roughly 13.63% of the outstanding MTDR shares. In other words, the investor’s shares have risen by 303,910 from its previous 13-F filing of 15793655.0. Additionally, The Vanguard Group, Inc. increased 4.97% of its stake after which the total value it holdings stand at $738,321,637, while Dimensional Fund Advisors LP reduced -8.92% of its stake to hold $366.96 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 377,853 shares of Matador Resources Company, while AllianceBernstein LP bought -777,833 shares. At present, T. Rowe Price Associates, Inc. is holding 4,190,892 shares valued at $255.23 million. Silvercrest Asset Management Grou owned 4,140,769 shares of the company at the time of its most recent 13F filing, worth $252.17 million.

However, 14 analysts have rated MTDR stock as an Overweight in their predictions for 2022.

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