Matador Resources Co MTDR:NYSE

Last Price$60.78NYSE Previous Close - Last Trade as of 7:00PM ET 8/12/22

Today's Change+0.53(0.88%)
Bid (Size)$51.00 (10)
Ask (Size)$64.99 (4)
Day Low / High$58.45 - 60.93
Volume743.3 K

Sector Update: Energy Stocks, Crude Price Lower in Late Friday Trading

3:23PM ET 6/10/2022 MT Newswires
Energy stocks saw a slight recovery but were still lower in late Friday trading, with the NYSE Energy Sector Index falling 2.2% and the SPDR Energy Select Sector ETF (XLE) retreating 1.2%.

The Philadelphia Oil-Service Sector index was sinking 3.7% and the Dow Jones US Utilities Index was down about 0.4%.

West Texas Intermediate crude oil was $0.98 lower at $120.53 per barrel and Brent crude was falling by $1.17 to $121.90 per barrel. Henry Hub natural gas futures were $0.17 lower to $8.79 per 1 million BTU.

In company news, ProFrac Holding (PFHC) shares rose 0.4% after BofA Securities initiated coverage of the stock with a buy rating and $26 price target.

Matador Resources' (MTDR) board amended the company's dividend policy to increase quarterly cash dividends on its common stock to $0.10 per share. Shares of Matador were down 1%.

Summit Midstream Partners (SMLP) was almost 4% higher after saying Thursday its Summit Midstream Holdings subsidiary has agreed to sell Summit Midstream Permian to Matador Resources for $75 million in cash.