Matador Resources Company (MTDR - Free Report) reported second-quarter 2019 adjusted earnings of 30 cents per share, beating the Zacks Consensus Estimate of 19 cents. However, the bottom line declined from the year-ago figure of 41 cents.
Meanwhile, revenues of $242 million improved from the year-ago level of $211 million and beat the Zacks Consensus Estimate of $210 million as well.
Better-than-expected results were supported by higher production volumes and lower lease operating costs, partially offset by weak commodity price realizations.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Matador Resources Company (MTDR - Free Report) reported second-quarter 2019 adjusted earnings of 30 cents per share, beating the Zacks Consensus Estimate of 19 cents. However, the bottom line declined from the year-ago figure of 41 cents.
Meanwhile, revenues of $242 million improved from the year-ago level of $211 million and beat the Zacks Consensus Estimate of $210 million as well.
Better-than-expected results were supported by higher production volumes and lower lease operating costs, partially offset by weak commodity price realizations.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on MTDR - FREE
Get the latest research report on TGS - FREE