Matador Resources shares surge 7.77% intraday after breaking 200-day moving average and reporting strong Q1 earnings.

Matador Resources Company surged 7.77% intraday, as its stock price broke above the 200-day moving average of $51.43, reaching a high of $51.46. The company reported a net income of $240.1 million and an adjusted EBITDA of $644.2 million for the first quarter of 2025, with a current P/E ratio below the industry average of 20.28.