Matador Resources Co’s filing revealed that its Director Appel Shelley F acquired Company’s shares for reported $26490.0 on Dec 13 ’23. In the deal valued at $52.98 per share,500 shares were bought. As a result of this transaction, Appel Shelley F now holds 54,708 shares worth roughly $3.83 million.
Then, PARKER TIMOTHY E. bought 5,000 shares, generating $260,650 in total proceeds. Upon buying the shares at $52.13, the Director now owns 79,257 shares.
Before that, Ehrman Monika U bought 200 shares. Matador Resources Co shares valued at $10,446 were divested by the Director at a price of $52.23 per share. As a result of the transaction, Ehrman Monika U now holds 33,249 shares, worth roughly $2.33 million.
Wells Fargo initiated its Matador Resources Co [MTDR] rating to an Overweight in a research note published on November 15, 2023; the price target was $73. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Mizuho began covering MTDR with “Neutral” recommendation on January 10, 2023.
Price Performance Review of MTDR
On Friday, Matador Resources Co [NYSE:MTDR] saw its stock jump 1.14% to $69.97. Over the last five days, the stock has gained 4.79%. Matador Resources Co shares have risen nearly 23.06% since the year began. Nevertheless, the stocks have risen 39.47% over the past one year. While a 52-week high of $69.66 was reached on 04/05/24, a 52-week low of $42.04 was recorded on 02/05/24. SMA at 50 days reached $61.82, while 200 days put it at $58.64. A total of 1.72 million shares were traded, compared to the trading of 1.93 million shares in the previous session.
Levels Of Support And Resistance For MTDR Stock
The 24-hour chart illustrates a support level at 68.95, which if violated will result in even more drops to 67.93. On the upside, there is a resistance level at 70.76. A further resistance level may holdings at 71.55. The Relative Strength Index (RSI) on the 14-day chart is 69.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.29%. Stochastics %K at 87.48% indicates the stock is a selling.
How much short interest is there in Matador Resources Co?
A steep rise in short interest was recorded in Matador Resources Co stocks on Mar 15, 2024, dropping by -0.2 million shares to a total of 9.91 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.11 million shares. There was a decline of -2.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.66.
The most recent change occurred on September 20, 2022 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $72 price target.
