Buying Buzz: Matador Resources Company [MTDR] Director Ehrman Monika U purchases 200 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Matador Resources Company shares valued at $10,302 were purchased by Ehrman Monika U on May 04. At $51.51 per share, Ehrman Monika U acquired 200 shares. The insider’s holdings grew to 27,963 shares worth approximately $1.45 million following the completion of this transaction.


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Also, Macalik Robert T purchased 1,500 shares, netting a total of over 53,250 in proceeds. Following the buying of shares at $35.50 each, the insider now holds 28,675 shares.

Before that, Adams Craig N had added 2,000 shares to its account. In a trade valued at $71,100, the EVP, COO – Land, Legal & Admin bought Matador Resources Company shares for $35.55 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $8.82 million.

As published in a research note from Wells Fargo on November 19, 2021, Matador Resources Company [MTDR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $53 from $46. This represents a 2.02% premium over Thursday’s closing price. Analysts at CapitalOne downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late October. As of October 27, 2021, The Benchmark Company has increased its “Hold” rating to a “Buy” for MTDR. Earlier on October 26, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for MTDR stock.

Analyzing MTDR’s Price Performance

On Thursday, Matador Resources Company [NYSE: MTDR] plunged -5.89% to $51.93. The stock’s lowest price that day was $51.66, but it reached a high of $55.29 in the same session. During the last five days, there has been a drop of approximately -8.20%. Over the course of the year, Matador Resources Company shares have jumped approximately 40.66%. Shares of the company reached a 52-week high of $67.78 on 06/08/22 and a 52-week low of $37.01 on 01/03/22. A 50-day SMA is recorded $53.43, while a 200-day SMA reached $48.01. Nevertheless, trading volume fell to 1.17 million shares from 1.01 million shares the previous day.

Support And Resistance Levels for Matador Resources Company (MTDR)

According to the 24-hour chart, there is a support level at 50.63, which, if violated, would cause prices to drop to 49.33. In the upper region, resistance lies at 54.26. The next price resistance is at 56.59. RSI (Relative Strength Index) is 50.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.30, which suggests the price will increase in the coming days. Percent R is at 48.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Matador Resources Company subject to short interest?

Stocks of Matador Resources Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.15 million shares to 9.03 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.88 million shares. A jump of 1.66% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.19 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.19.

Which companies own the most shares of Matador Resources Company (MTDR)?

According to BlackRock Fund Advisors filings, the company currently owns 16,097,565 shares, which is about 13.63% of the total MTDR shares outstanding. The investor’s shares have appreciated by 303,910 from its previous 13-F filing of 15793655.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $564,834,238. Dimensional Fund Advisors LP reduced a -8.92% interest valued at $280.73 million while SSgA Funds Management, Inc. purchased a 377,853 stake. A total of -777,833 shares of Matador Resources Company were bought by AllianceBernstein LP during the quarter, and 293,509 were bought by T. Rowe Price Associates, Inc. In its current portfolio, Silvercrest Asset Management Grou holds 4,140,769 shares valued at $192.92 million.

In terms of Matador Resources Company share price expectations, FactSet research, analysts set an average price target of $75.45 in the next 12 months, up nearly 26.86% from the previous closing price of $55.18. Analysts anticipate Matador Resources Company stock to reach $96.00 by 2022, with the lowest price target being $63.00. In spite of this, 12 analysts ranked Matador Resources Company stock as an Overweight at the end of 2022. On September 15, 2021, JP Morgan assigned a price target of “an Overweight” to the stock and upgraded coverage with a $37.

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