Matador Resources Company (MTDR)
matador resources company (“matador”) is a dallas-based, well established, publicly traded, (nyse:mtdr), independent energy company engaged in exploration, development, production and acquisition of oil and natural gas resources in the us, with a particular emphasis on shale plays and other unconventional plays. matador’s current operations are focused primarily on the oil and liquids-rich 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. matador also operates in the haynesville shale and cotton valley plays in northwest louisiana and east texas. in addition, matador has a large exploratory leasehold position in southwest wyoming and adjacent areas of utah and idaho where it is testing the meade peak shale. matador’s has an excellent team of dedicated technical and administrative professionals and a culture of strong performance and financial discipline. matador was established as
Stock Price Trends
Stock price trends estimated using linear regression.
Paying users area
Try for free
Stock pages available for free today:
The data is hidden behind and trends are not shown in the charts.
Unhide data and trends.
Get full access to the entire website.
This is a one-time payment. There is no automatic renewal.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 2.31% per annum.
- MTDR price at the close of December 8, 2023 was $54.12 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 53.14% per annum.
- MTDR price at the close of December 8, 2023 was lower than the bottom border of the secondary price channel by $0.65 (1.19%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of MTDR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date:
End date:
a =
b =
s =
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × ) – 1
=
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × ) – 1
=
February 28, 2022 calculations
Top border of price channel:
Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $
Bottom border of price channel:
Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $
December 8, 2023 calculations
Top border of price channel:
Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $
Bottom border of price channel:
Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $
Secondary Trend
Start date:
End date:
a =
b =
s =
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × ) – 1
=
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × ) – 1
=
March 13, 2023 calculations
Top border of price channel:
Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $
Bottom border of price channel:
Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $
December 8, 2023 calculations
Top border of price channel:
Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $
Bottom border of price channel:
Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $