With 2.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.11 million shares. The 52-week range on MTDR shows that it touched its highest point at $66.89 and its lowest point at $35.19 during that stretch. It currently has a 1-year price target of $64.11. With its current market cap of 5.80 billion, MTDR has annualized dividend of $1.27 while the current yield stands at 2.75%. Beta for the stock currently stands at 1.48.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MTDR was up-trending over the past week, with a rise of 14.95%, but this was up by 17.64% over a month. Three-month performance dropped to -21.91% while six-month performance fell -18.00%. The stock lost -28.68% in the past year, while it has lost -17.60% so far this year. A look at the trailing 12-month EPS for MTDR yields 7.44 with Next year EPS estimates of 6.29. For the next quarter, that number is 1.43. This implies an EPS growth rate of -13.74% for this year and -2.57% for next year. EPS is expected to decline by -0.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.93%.
Float and Shares Shorts:
At present, 125.20 million MTDR shares are outstanding with a float of 115.45 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTDR since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.70879 being high and $7.23764 being low. For MTDR, this leads to a yearly average estimate of $7.39803.
