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Surging Earnings Estimates Signal Good News for Matador Resources (MTDR)


Matador Resources Company MTDR is an energy company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MTDR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Matador Resources could be a solid choice for investors.

Current Quarter Estimates for MTDR

In the past 30 days, one estimate have gone higher for Matador Resources while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 19 cents a share 30 days ago, to 20 cents today, a move of 5.3%.

Current Year Estimates for MTDR

Meanwhile, Matador Resources’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 63 cents a share 30 days ago, to 66 cents today, an increase of 4.8%.

Matador Resources Company Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 13.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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