Matador Resources Company (MTDR) : The value of composite uptick trades was $3.45 million, whereas, the value of composite downtick trades was $4.93 million. The uptick to downtick ratio stood at 0.7 with a negative money flow of ($1.48) Million during Tuesdays trading session. The block trades money flow was negative ($0.93 million). The transaction of the trades on downticks amounted to $0.93 million, which confirms investors selling on the strength of price. Matador Resources Company (MTDR) gained 1 cents at $24.07, an increase of 0.04% over the previous days close.
Also, FBR Capital initiates coverage on Matador Resources Company (NYSE:MTDR). FBR Capital has a Outperform rating on the shares. As per the latest report, the brokerage house announces the price target to $28 per share. The rating by the firm was issued on July 21, 2016.
Shares of Matador Resources Company rose by 2.58% in the last five trading days and 19.96% for the last 4 weeks. Matador Resources Company is up 2.54% in the last 3-month period. Year-to-Date the stock performance stands at 18.56%.
Matador Resources Company (NYSE:MTDR): The stock opened at $24.47 on Tuesday but the bulls could not build on the opening and the stock topped out at $24.47 for the day. The stock traded down to $23.26 during the day, due to lack of any buying support eventually closed down at $23.44 with a loss of -2.58% for the day. The stock had closed at $24.06 on the previous day. The total traded volume was 1,731,979 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Matador Resources Co, Byerley William M, had purchased 2,288 shares in a transaction dated on August 8, 2016. The transaction was executed at $21.86 per share with total amount equaling $50,016.
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.