Matador Resources Company (MTDR) reported second-quarter 2024 adjusted earnings of $2.05 per share, which beat the Zacks Consensus Estimate of $1.75. The bottom line also improved from the year-ago quarter's $1.42. Total quarterly revenues of $847.1 million beat the Zacks Consensus Estimate of $817 million. The top line also increased from the year-ago quarter's $638.1 million. Strong second-quarter results were aided by Matador's high total production volume, along with an increase in the realized price of ...

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. This quarterly report represents an earnings surprise of 17.14%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.48 per share when it ...

Selected Financial and Operating Items Adjusted EBITDA Adjusted Free Cash Flow MATADOR RESOURCES COMPANY REPORTS RECORD SECOND QUARTER 2024 RESULTS AND INCREASES FULL-YEAR 2024 PRODUCTION GUIDANCE Full-Year 2024 Guidance Update | --- | --- | --- | --- | |--------------------------|-------------------------------------------|-----------------------------------------------|----------------| | Production | Prior Full-Year 2024 Guidance Range | New Full-Year 2024 Guidance (1) Range | (2) Difference | | Total, B ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Matador Resources (MTDR) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of busin ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...

Matador Resources (MTDR) closed the last trading session at $61.65, gaining 8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $79.58 indicates a 29.1% upside potential. The mean estimate comprises 12 short-term price targets with a standard deviation of $7.22. While the lowest estimate of $62 indicates a 0.6% increase from the current price level, the most optimistic analyst expec ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Matador Resources (MTDR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Matador Resources is one of 249 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stoc ...

Investors might want to bet on Matador Resources (MTDR) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analy ...

Matador Resources Company (MTDR) is a leading upstream player, having a strong foothold in prolific oil and natural gas shale and other unconventional plays. The company is likely to see earnings growth of 16.5% and 18.6% in 2024 and 2025, respectively. What's Favoring the Stock? The price of West Texas Intermediate crude has touched the $80-per-barrel mark, which is highly favorable for exploration and production activities. Handsome crude price is likely to aid MTDR, sporting a Zacks Rank #1 (Strong Buy), ...

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Another valuation metric that we should highlight is MTDR's P/B ratio of 1.54. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/ ...