Matador Resources Company (NYSE:MTDR), A rise of 117,365 shares or 1% was seen in the short interest of Matador Resources Co. Even as the interest increased from 11,814,745 shares on May 31,2016 to 11,932,110 shares on June 15,2016, the days to cover came in at 11. The updated interest stood at 14.6% of the stocks floats. The stock has seen an average daily volume of 1,118,340 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Matador Resources Company (NYSE:MTDR): The stock opened at $21.28 on Friday but the bulls could not build on the opening and the stock topped out at $21.93 for the day. The stock traded down to $20.55 during the day, due to lack of any buying support eventually closed down at $20.68 with a loss of -8.98% for the day. The stock had closed at $22.72 on the previous day. The total traded volume was 2,430,863 shares.
The company shares have dropped -15.87% 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 $22.18 and the 200 Day Moving Average price is recorded at $19.30.
Matador Resources Company (NYSE:MTDR) has tumbled 7.18% during the past week and has dropped 7.97% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.64%. Matador Resources Company (NYSE:MTDR) has underperformed the index by 5.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.