Matador Resources Co’s recent filing unveils that its EVP, GC and Head of M&A Erman Bryan A acquired Company’s shares for reported $97825.0 on Jun 14 ’24. In the deal valued at $55.90 per share,1,750 shares were bought. As a result of this transaction, Erman Bryan A now holds 1,750 shares worth roughly $98297.5.
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Then, Appel Shelley F bought 500 shares, generating $26,490 in total proceeds. Upon buying the shares at $52.98, the Director now owns 54,708 shares.
Before that, PARKER TIMOTHY E. bought 5,000 shares. Matador Resources Co shares valued at $260,650 were divested by the Director at a price of $52.13 per share. As a result of the transaction, PARKER TIMOTHY E. now holds 79,257 shares, worth roughly $4.45 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 Monday, Matador Resources Co [NYSE:MTDR] saw its stock jump 0.55% to $56.17. Over the last five days, the stock has lost -6.27%. Matador Resources Co shares have fallen nearly -1.21% since the year began. Nevertheless, the stocks have risen 11.58% over the past one year. While a 52-week high of $71.08 was reached on 04/12/24, a 52-week low of $47.76 was recorded on 02/05/24. SMA at 50 days reached $62.93, while 200 days put it at $60.43. A total of 1.15 million shares were traded, compared to the trading of 2.31 million shares in the previous session.
Levels Of Support And Resistance For MTDR Stock
The 24-hour chart illustrates a support level at 55.44, which if violated will result in even more drops to 54.70. On the upside, there is a resistance level at 56.61. A further resistance level may holdings at 57.04. The Relative Strength Index (RSI) on the 14-day chart is 33.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.19%. Stochastics %K at 6.17% indicates the stock is a buying.
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.
