Wells Fargo raised the price target for the Matador Resources Co (NYSE:MTDR) stock to “an Overweight”. The rating was released on November 15, 2023, according to finviz. We previously noted in another research note published on August 16, 2023 by Mizuho that upgraded the stock from a Neutral to a Buy with a price target of $78 for MTDR stock. The research report from Mizuho has initiated the stock to Neutral, with a price target set at $70. The stock was resumed by MKM Partners, who disclosed in a research note on September 21, 2022, to Buy and set the price objective to $68. In their research brief published September 20, 2022, KeyBanc Capital Markets analysts initiated the Matador Resources Co stock to Overweight with a price target of $72.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 1.30% within the last five trades and 0.72% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 4.36% in the last 6 months and 18.46% was added to its value over the previous 3 months. MTDR stock is trading at a margin of -2.47%, 0.94% and 9.88% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, MTDR deals in the Energy domain. The stock is trading -7.74 percent below its 52-week high and 55.99 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 33.16. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Matador Resources Co’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 42.18 percent and the profit margin is 28.84 percent, and the company has reported a gross margin of 46.05 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.18 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Matador Resources Co (NYSE:MTDR) is 8.98. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.70. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.85, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 8.44 percent of Matador Resources Co shares are owned by insiders, and 88.64 percent are held by financial institutions. Appel Shelley F, the Director at Matador Resources Co (MTDR) has bought 500 shares of firm on Dec 13 ’23 at a price of $52.98 against the total amount of $26490.0. In another inside trade, PARKER TIMOTHY E., Director of Matador Resources Co (NYSE:MTDR) bought 5,000 shares of the firm on Dec 12 ’23 for a total worth of $0.26 million at a price of $52.13. An inside trade which took place on Dec 12 ’23, Director of Matador Resources Co Ehrman Monika U bought 200 shares of firm against total price of $10446.0 at the cost of $52.23 per share.
