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Friday, September 29, 2023

Is Matador Resources Company (NYSE: MTDR) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Matador Resources Company (MTDR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.28, or -0.44%, to $63.06. The Matador Resources Company has recorded 26,142 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Matador Resources Company Reports Second Quarter 2023 Results, Increases Production Guidance and Decreases Capital Expenditure Guidance.

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Stocks Info

MTDR belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $63.34 and fluctuated between $63.77 as its day high and $62.78 as its day low. The current market capitalization of Matador Resources Company is $7.49B. A total of 1.27 million shares were traded on the day, compared to an average of 1.53M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MTDR has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 203,915 and the disposition of 163,332 shares. Over the last 12 months, there were 39 BUYs and 23 SELLs from insiders. Insiders purchased 1,394,671 shares during that period but sold 858,679.

In the most recent transaction, Foran Joseph Wm bought 652 shares of MTDR for 44.40 per share on Jun 01. After the transaction, the Chairman and CEO now owns 176,120 company shares. In a previous transaction on May 23, Ehrman Monika U bought 225 shares at 48.05 per share. MTDR shares that Director owns now total 30,428.

Among the insiders who bought shares, Foran Joseph Wm acquired of 2,000 shares on May 04 at a per-share price of $42.40. This resulted in the Chairman and CEO holding 175,468 shares of MTDR after the transaction. In another insider transaction, PARKER TIMOTHY E. bought 4,500 shares at $43.52 per share on Mar 16. Company shares held by the Director now total 71,636.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Matador Resources Company pays an annual dividend of $0.60, resulting in a dividend yield of 0.95%, and it has a price to earnings (P/E) ratio of 8.28. MTDR’s most recent ex-dividend date was 8/10/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 9/1/2023. Previously, the company paid the dividend on 6/1/2023 with an ex-dividend date of 5/10/2023. The MTDR stock dividend was $0.15 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MTDR in the last 3 months, the mean price target is $72.36 with high estimates of $87.00 and low estimates of $62.00. In terms of 52-week highs and lows, MTDR has a high of $73.78 and a low of $42.04.

As of this writing, MTDR has an earnings estimate of $1.57 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $2.27 per share and a lower estimate of $1.25. The company reported an EPS of $1.5 in the last quarter, which was 12.80% higher than expectations of $1.33.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MTDR’s latest balance sheet shows that the firm has $48.13M in Cash & Short Term Investments as of fiscal 2021. There were $1.53B in debt and $464.84M in liabilities at the time. Its Book Value Per Share was $28.55, while its Total Shareholder’s Equity was $2.13B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTDR is Buy with a score of 4.60.

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