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Why Matador Resources (MTDR) Could Be Positioned for a Surge
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Matador Resources Company (MTDR - Free Report) 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, 3 estimates have gone higher for Matador Resources while 2 have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago, to break-even today.
Current Year Estimates for MTDR
Meanwhile, Matador Resources’s current year figures are also looking quite promising, with 7 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 19 cents per share 30 days ago to a loss of 13 cents per share today, an increase of 31.6%.
The stock has also started to move higher lately, adding 8.4% 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 #1 (Strong Buy) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Why Matador Resources (MTDR) Could Be Positioned for a Surge
Matador Resources Company (MTDR - Free Report) 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, 3 estimates have gone higher for Matador Resources while 2 have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago, to break-even today.
Current Year Estimates for MTDR
Meanwhile, Matador Resources’s current year figures are also looking quite promising, with 7 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 19 cents per share 30 days ago to a loss of 13 cents per share today, an increase of 31.6%.
MATADOR RESOURC Price and Consensus
MATADOR RESOURC Price and Consensus | MATADOR RESOURC Quote
Bottom Line
The stock has also started to move higher lately, adding 8.4% 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 #1 (Strong Buy) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>