Today’s Actionable Stocks: The Stars Group Inc. (TSG), Matador Resources Company (MTDR) – The RNS Daily

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The Stars Group Inc. (NASDAQ:TSG) rose 1.93% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -32.12% and is now up by 15.25% since start of this year. A look at its monthly performance shows that the stock has recorded a 14.42% gain over the past 30 days. Its equity price climbed by 6.19% over the past three months which led to its overall six-month decrease to stand at -17.11%.

The shares of The Stars Group Inc. (TSG) dropped by -51.12% or -$19.91 from its last recorded high of $38.95 which it attained on June 21 to close at $19.04 per share. Over the past 52 weeks, the shares of The Stars Group Inc. has been trading as low as $15.1 before witnessing a massive surge by 26.09% or $3.94. This price movement has led to the TSG stock receiving more attention and has become one to watch out for. It dipped by -1.04% on Monday and this got the market worried. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, TSG price stands -15.12% below and 10.68% above respectively. Its average daily volatility for this week is 2.62% which is less than the 3.4% recorded over the past month.

Experts from research firms are bullish about the near-term performance of The Stars Group Inc. with most of them predicting a $27.78 price target on a short-term (12 months) basis. The average price target by the analysts will see a 45.9% rise in the stock and would lead to TSG’s market cap to surge to $7.56B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 8 analysts that track The Stars Group Inc. (NASDAQ:TSG) and find out that 0 of them rated it as a Hold. 8 of the 8 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at TSG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.78 point. Its trading volume has added 2479 shares compared to readings over the past three months as it recently exchanged 2262479 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 2260000 shares, and this is 1 times the normal volume.

The price of Matador Resources Company (NYSE:MTDR) currently stands at $20.82 after it went down by $-0.13 or -0.62% and has found a strong support at $20.53 a share. If the MTDR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $20.24 mark would also be bad for the stock as it means that the stock would plunge by 2.79% from its current position. However, if the stock price is able to trade above the resistance point around $21.08, then it could likely surge higher to try and break the upward resistance which stands at $21.35 a share. Its average daily volatility over the past one month stands at 4.31%. The stock has plunged by 97.6% from its 52-weeks high of $0.4999 which it reached on Sep. 05, 2018. In general, it is 32.9% above its 52-weeks lowest point which stands at $13.97 and this setback was observed on Dec. 26, 2018.

The MTDR stock Stochastic Oscillator (%D) is at 83.02%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.55. The stock currently has an estimated price-earnings (P/E) multiple of 9.76, which is higher than the 8.66 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 25.8% over the past five years.

Analysts view Matador Resources Company (NYSE:MTDR) as a Hold, with 2.3 consensus rating. Reuters surveyed 19 analysts that follow MTDR and found that 8 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Matador Resources Company (MTDR) shares or sell it if they already own it.

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