MTDR Stock Summary and Trading Ideas (Matador Resources Company | NYSE:MTDR)

Matador Resources Co is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company's assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business.

Matador Resources Company trades on the NYSE stock market under the symbol MTDR.

As of May 3, 2024, MTDR stock price climbed to $63.28 with 1,354,237 million shares trading.

MTDR has a beta of 0.67, meaning it tends to be less sensitive to market movements. MTDR has a correlation of 0.06 to the broad based SPY ETF.

MTDR has a market cap of $7.90 billion. This is considered a Mid Cap stock.

Last quarter Matador Resources Company reported $788 million in Revenue and $1.71 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.21.

In the last 3 years, MTDR stock traded as high as $73.78 and as low as $24.76.

The top ETF exchange traded funds that MTDR belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

MTDR has outperformed the market in the last year with a return of +47.8%, while the SPY ETF gained +27.0%. In the last 3 month period, MTDR beat the market returning +19.3%, while SPY returned +3.7%. However, in the most recent 2 weeks MTDR has underperformed the stock market by returning -2.1%, while SPY returned +3.3%.

MTDR support price is $60.73 and resistance is $63.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTDR stock will trade within this expected range on the day.