Oil Stocks Barely Blink as Oil Implodes and Crashes Into Negative Territory [The Motley Fool]
Matador Resources Company (MTDR)
Last matador resources company earnings: 4/29 04:15 pm
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Source: The Motley Fool
What happenedToday will go down in history. The price of a barrel of West Texas Intermediate (WTI) oil plunged into negative territory. One contract sold for a jaw-dropping$7.6 a barrel. That's more than $0 below where WTI contracts traded last Friday.Usually, price action like that would put enormous pressure onoil stocks. However, most barely budged, all things considered. Shares of oil giantsExxonMobilNYSE:XOMChevronNYSE:CVXHelix Energy SolutionsNYSE:HLXMatador ResourcesNYSE:MTDRNorthern Oil & GasNYSEMKT:NOGSM EnergyNYSE:SMImage source: Getty Images.So whatThe May WTI contract, which expires after the futures market closes on Tuesday, cratered today as oil traders scrambled to get out of their position. That's because they must take physical delivery of this oil, which is a problem given that the country isrunning out of storage space. That's leaving them with no choice but to pay to unload these contracts since it would cost them money to store it anyway.However, while May's WTI c
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News
- Matador Resources: Growth In Production While Maintaining A Solid Balance Sheet [Seeking Alpha]Seeking Alpha
- Matador Resources (NYSE: MTDR) had its price target raised by analysts at Truist Financial Co. from $85.00 to $87.00. They now have a "buy" rating on the stock.MarketBeat
- Matador Resources Company (NYSE:MTDR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Matador Resources First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Matador (MTDR) Q1 Earnings Beat Estimates on Production Volume [Yahoo! Finance]Yahoo! Finance
MTDR
Earnings
- 4/23/24 - Beat
MTDR
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- MTDR's page on the SEC website