MTDR Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Matador Resources Co (MTDR) is showing signs of being oversold, with an RSI of 29.2, significantly below the average RSI of energy stocks at 46.6. This indicates potential exhaustion of selling pressure and a possible rebound.
Fibonacci Levels:
The stock is trading near the lower end of its Fibonacci range, with a pivot point at $49.12. Key resistance levels are at $53.06 (R1) and $55.49 (R2), with support at $45.18 (S1) and $42.75 (S2).
Insider and Institutional Activity:
Recent insider purchases, including 700 shares by an EVP, suggest confidence in the stock. However, institutional investors are mixed, with 233 increasing positions and 277 reducing theirs.
MACD and Price Action:
The MACD is currently negative, indicating bearish momentum. However, the oversold RSI and proximity to Fibonacci support levels suggest a potential reversal.
Prediction and Recommendation
Based on the oversold condition and Fibonacci levels, MTDR is expected to rebound. The target price for the next trading week is $53.06, with a recommendation to BUY.
MTDR Similar Chart Price Prediction
The price of MTDR is predicted to go up 6.91%, based on the high correlation periods with NOG. The similarity of these two price pattern on the periods is 99.22%.
MTDR
NOG
Up: 6.91%Similarity: 99.22%
MTDR Revenue Forecast
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MTDR Analyst's Forecast
Zach Parham
JP Morgan
Buy
2025-03-13
Price Target
$76 → $65
Upside
+38.5%
JPMorgan lowered the firm's price target on Matador to $65 from $76 and keeps an Overweight rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.
John Freeman
Raymond James
Buy
2025-03-10
Price Target
$77 → $67
Upside
+48.82%
Neal Dingmann
Truist Securities
Strong Buy
2025-01-13
Price Target
$75 → $80
Upside
+29.12%
