In a filing, Matador Resources Co revealed its Director Ehrman Monika U acquired Company’s shares for reported $10348.0 on Dec 13 ’24. In the deal valued at $57.49 per share,180 shares were bought. As a result of this transaction, Ehrman Monika U now holds 36,267 shares worth roughly $2.25 million.
Then, Elsener William Thomas bought 800 shares, generating $45,280 in total proceeds. Upon buying the shares at $56.60, the EVP, Reservoir Engineering now owns 102,964 shares.
Before that, Foran Joseph Wm bought 2,000 shares. Matador Resources Co shares valued at $110,360 were divested by the Chairman and CEO at a price of $55.18 per share. As a result of the transaction, Foran Joseph Wm now holds 42,251 shares, worth roughly $2.62 million.
Morgan Stanley initiated its Matador Resources Co [MTDR] rating to an Equal-weight in a research note published on January 10, 2025; the price target was $78. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. CapitalOne also remained covering MTDR and has increased its forecast on July 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wolfe Research started covering the stock on July 18, 2024. It rated MTDR as “a Peer perform”.
Price Performance Review of MTDR
On Monday, Matador Resources Co [NYSE:MTDR] saw its stock jump 1.16% to $61.96. Over the last five days, the stock has gained 4.89%. Matador Resources Co shares have risen nearly 10.13% since the year began. Nevertheless, the stocks have risen 13.11% over the past one year. While a 52-week high of $71.08 was reached on 01/13/25, a 52-week low of $47.15 was recorded on 01/02/25. SMA at 50 days reached $56.91, while 200 days put it at $58.18.
Levels Of Support And Resistance For MTDR Stock
The 24-hour chart illustrates a support level at 61.20, which if violated will result in even more drops to 60.44. On the upside, there is a resistance level at 63.04. A further resistance level may holdings at 64.12. The Relative Strength Index (RSI) on the 14-day chart is 70.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.33%. Stochastics %K at 88.62% 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 2024-12-31, dropping by -0.15 million shares to a total of 6.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 7.11 million shares. There was a decline of -2.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 21, 2024 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $83 price target.
