Matador Resources Company (NYSE:MTDR) has been under a strong bear grip, hence the stock is down -8.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.03% in the past 1 week. The stock has risen by 1.32% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.73% in the past 4 weeks.
The company shares have dropped -13.12% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $28.25 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.93 and the 200 Day Moving Average price is recorded at $19.23.
The stock has recorded a 20-day Moving Average of 2.85% and the 50-Day Moving Average is 4.21%.
Matador Resources Company (NYSE:MTDR): stock turned positive on Friday. Though the stock opened at $20.25, the bulls momentum made the stock top out at $20.91 level for the day. The stock recorded a low of $20.07 and closed the trading day at $20.79, in the green by 5.11%. The total traded volume for the day was 1,532,686. The stock had closed at $19.78 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Matador Resources Co, Foran Joseph Wm, had purchased 4,657 shares in a transaction dated on December 14, 2015. The transaction was executed at $20.95 per share with total amount equaling $97,564.
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Companys operations are focused primarily on the oil and liquids portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition, it has an exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale. The Company is the operator for over 90% of its Eagle Ford acreage and approximately two-thirds of its Haynesville acreage, including approximately 36% of its acreage. It has approximately 152,400 gross (85,400 net) acres, in the Permian Basin.