Matador Resources Co (MTDR) has a huge future ahead of it
What’s up with Matador Resources Co?
Matador Resources Co(MTDR) opened at $5.42, which means the stock is up 55.31% from yesterday’s closing price of 4.93. Today, the company has a high of $6.78 and a low of $5.26. The stock holds a market cap of $780.98 million which is impressive since the P/E ratio is 8.94. The company has a 52-week high of $21.19 and a 52-week low of $1.11.
What is P/E ratio?
The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company’s share price to the company’s earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. Matador Resources Co has a strong.A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future.
About Matador Resources Co
Matador Resources Co. is a holding company engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration & Production; and Midstream. The Exploration & Production segment is engaged in the acquisition, exploration and development of oil and natural gas properties and is currently focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Midstream segment conducts midstream operations in support of the company’s exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and salt water gathering services and salt water disposal services to third parties. The company was founded by Joseph William Foran and Scott E. King in July 2003 and is headquartered in Dallas, TX.