Matador Resources Company (MTDR) has risen sharply, recording gains of 1.93% in the past 4 weeks. However, the stock has corrected -4.4% in the past 1 week, providing a good buying opportunity on dips. Matador Resources Company (MTDR) : During the past 4 weeks, traders have been relatively bearish on Matador Resources Company (MTDR), hence the stock is down -4.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.98% relative to the S&P 500.
Matador Resources Company (NYSE:MTDR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.24 and $20.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.08, notching a gain of 0.05% for the day. The total traded volume was 1,025,201 . The stock had closed at $21.07 on the previous day.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 3.51%. Matador Resources Company has dropped 4.53% during the last 3-month period . Year-to-Date the stock performance stands at 6.63%.
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.