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Increased Earnings Estimates Seen for Matador (MTDR): Can It Move Higher?

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Matador Resources Company (MTDR - Free Report) is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States which 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 could be a solid choice for investors.

Current Quarter Estimates for MTDR

In the past 30 days, 2 estimates has gone higher for Matador while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 7 cents a share 30 days ago, to 8 cents today, a move of 14.3%.

Current Year Estimates for MTDR

Meanwhile, Matador’s current year figures are also looking quite promising, with 2 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 8 cents per share 30 days ago to a loss of 6 cents per share today, an increase of 25%.

MATADOR RESOURC Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 8.3% 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 #2 (Buy) 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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