Big changes are happening at Matador Resources Company (NYSE:MTDR), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 3% or (0.6 points) to $20.61 from its previous close of $20.01. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 627404 contracts so far this session. MTDR shares had a relatively better volume day versus average trading capacity of 2.45 million shares, but with a 0.11 billion float and a 5.21% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MTDR stock indicates that the average analyst price target is $27.11 per share. This means the stock has a potential increase of 31.54% from where the MTDR share price has been trading recently which is between $19.37 and $20.28. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $18.98.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “How the Smart Money is Playing Oil M&A” and dated May 08, 2019.
During the recent trading session for Matador Resources Company (NYSE:MTDR), the company witnessed their stock rise $0.96 over a week and tumble down $-0.44 from the price 20 days ago. When compared to their established 52-week high of $34.9, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/04/18. The recent low of $13.97 stood for a -40.95% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.87 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Matador Resources Company, the two-week RSI stands at 56.28. This figure suggests that MTDR stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current MTDR readings is similarly very revealing as it has a stochastic reading of 66.31% at this stage. This figure means that MTDR share price today is being neutral.
Technical chart claims that Matador Resources Company (MTDR) would settle between $20.4/share to $20.8/share level. However, if the stock price goes below the $19.49 mark, then the market for Matador Resources Company becomes much weaker. If that happens, the stock price might even plunge as low as $18.98 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.31. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Imperial Capital lifted target price for shares of MTDR but were stick to Outperform recommendation for the stock in their opinion released on April 01. The price target has been raised from $31 to $33. SunTrust analysts bumped their rating on Matador Resources Company (NYSE:MTDR) stock from Hold to Buy in a separate flash note issued to investors on February 19. Analysts at CapitalOne lowered the stock to a Equal Weight call from its previous Overweight recommendation, in a research note that dated back to December 20.
MTDR equity has an average rating of 2.21, with the figure leaning towards a bullish end. 19 analysts who tracked the company were contacted by Reuters. Amongst them, 8 rated the stock as a hold while the remaining 11 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 11 analysts rated Matador Resources Company (NYSE:MTDR) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MTDR stock price is currently trading at 9.77X forward 12-month Consensus EPS estimates, and its P/S ratio is 5.92 while for the average stock in the same group, the multiple is 99.85. Matador Resources Company current P/E ratio of 13.33 means it is trading at a discount against its industry’s 14.33. In the past 5 years, this ratio for the stock has been fluctuating between 12.95 and 24.36.
Matador Resources Company (MTDR)’s current-quarter revenues are projected to climb by nearly 2.44% to hit $216530, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 2.16% from $899600 to a noteworthy $919050. At the other end of the current quarter income statement, Matador Resources Company is expected to see its adjusted earnings surge by roughly -36.59% to hit $0.26 per share. For the fiscal year, MTDR’s earnings are projected to climb by roughly -23.46% to hit $1.24 per share.