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Are Oils-Energy Stocks Lagging Matador Resources (MTDR) This Year?
Matador ResourcesMatador Resources(US:MTDR) ZACKSยท2024-07-11 14:40

Company Performance - Matador Resources (MTDR) has returned 5.7% year-to-date, outperforming the average gain of 5% in the Oils-Energy sector [4] - The Zacks Consensus Estimate for MTDR's full-year earnings has increased by 10.7% over the past three months, indicating improved analyst sentiment [4] - Matador Resources holds a Zacks Rank of 2 (Buy), suggesting it is poised to outperform the broader market in the near term [3] Industry Context - Matador Resources is part of the Oil and Gas - Exploration and Production - United States industry, which consists of 36 individual stocks and currently ranks 154 in the Zacks Industry Rank [6] - The Oil and Gas - Exploration and Production - United States industry has gained an average of 5.5% year-to-date, indicating that Matador Resources is performing better than its industry peers [6] - Another notable stock in the Oils-Energy sector is Plains All American Pipeline (PAA), which has increased by 22.4% year-to-date and also holds a Zacks Rank of 2 (Buy) [5][7]