Matador Resources Company Successfully Closes Contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC
Matador Resources Company (MTDR)
Last matador resources company earnings: 4/29 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.matadorresources.com
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the successful closing of its previously announced agreement whereby Matador contributed Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s 51%-owned midstream joint venture (“San Mateo”), for a total implied pre-closing valuation of Pronto of approximately $600 million. Upon completion of the transaction, San Mateo has a total estimated asset value of more than $1.5 billion net to Matador.1 Please see Matador’s December 5, 2024, press release for additional details on the transaction.Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “We are excited to have successfully closed the combination of San Mateo and Pronto. This transaction is expected to have substantial benefits for Matador and its shareholders, including:Strengthening Matador’s balance sheet with the receipt of approximately $220 million in upfro
Show less
Read more
Impact Snapshot
Event Time:
MTDR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTDR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTDR alerts
High impacting Matador Resources Company news events
Weekly update
A roundup of the hottest topics
MTDR
News
- Matador Resources (NYSE: MTDR) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $72.00 price target on the stock.MarketBeat
- Matador Resources (NYSE: MTDR) had its price target raised by analysts at TD Cowen from $74.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- Matador Resources (NYSE: MTDR) had its price target raised by analysts at Wells Fargo & Company from $87.00 to $91.00. They now have an "overweight" rating on the stock.MarketBeat
- Matador Resources (NYSE: MTDR) had its price target lowered by analysts at Mizuho from $74.00 to $73.00. They now have an "outperform" rating on the stock.MarketBeat
- Matador Resources (NYSE: MTDR) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.MarketBeat
MTDR
Earnings
- 10/22/24 - Beat
MTDR
Sec Filings
- 12/17/24 - Form 4
- 12/16/24 - Form 4
- 12/10/24 - Form 4
- MTDR's page on the SEC website