On Friday, Shares of Matador Resources Co (NYSE:MTDR), subtract-1.09% and closed at $23.68 in the last trading session. The last trading range of the stock ranges between $23.50 and $24.18. The company’s Market capitalization is $2.19 Billion with the total Outstanding Shares of 93.31Billion. During the 52-week trading session the minimum price at which share price traded, registered at $11.13 and reached to max level of $28.25. Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company mainly holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas; the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. As of December 31, 2015, its estimated proved oil and natural gas reserves were 85.1 million barrels of oil equivalent, counting 45.6 million stock tank barrels of oil and 236.9 billion cubic feet of natural gas.
Shares of Nordic American Tanker Ltd (NYSE:NAT), subtract 0.90% and closed at $9.93 in the last trading session. The last trading range of the stock ranges between $9.91 and $10.10. The company’s Market capitalization is $877.62 Billion with the total Outstanding Shares of 89.18 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $9.85 and reached to max level of $17.02. Nordic American Tankers Limited (the “Company”) declared recently that, in connection with its formerly declared public offering of 11,000,000 common shares at a public offering price of $10.00 per share, the underwriters exercised in full the option granted to them by the Company and purchased an additional 1,650,000 common shares on the same terms on which the 11,000,000 common shares were sold to the underwriters. At the Company`s request, the underwriters have sold an aggregate of 534,000 common shares in this offering to all of the members of the Company`s board of directors, certain members of the Company`s administration, and all of the Company`s advisors at the public offering price. The Company also declared that the closing of the follow-on offering and the closing of the option to purchase additional shares took place simultaneously recently. The common shares were offered following the Company`s effective shelf registration statement.
As formerly declared, the Company intends to use the net proceeds of this offering mainly to finance the expansion of its fleet beyond 30 vessels and for general corporate purposes. Right Away following the offering, the Company may use the proceeds of this offering to repay borrowings under its revolving credit facility pending application towards other uses.