Matador Resources Company (MTDR) Soars 5.51% on March 01

Equities Staff  |

Matador Resources Company (MTDR) had a good day on the market for Monday March 01 as shares jumped 5.51% to close at $22.04. About 2.36 million shares traded hands on 17,817 trades for the day, compared with an average daily volume of n/a shares out of a total float of 116.84 million. After opening the trading day at $21.42, shares of Matador Resources Company stayed within a range of $22.08 to $21.08.

With today's gains, Matador Resources Company now has a market cap of $2.58 billion. Shares of Matador Resources Company have been trading within a range of $21.88 and $1.12 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Matador Resources Co is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company's assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business. The company often uses advanced formation evaluation, 3-D seismic technology, horizontal drilling, and hydraulic fracturing technology to enhance the development of the basins in which it operates.

Matador Resources Company is based out of Dallas, TX and has some 304 employees. Its CEO is Joseph Wm. Foran.

For a complete fundamental analysis of Matador Resources Company, check out Equities.com’s Stock Valuation Analysis report for MTDR.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

Matador Resources Company is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Matador Resources Company and to follow the company’s latest updates, you can visit the company’s profile page here: MTDR’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Market Movers