Matador Resources Co (NYSE: MTDR) has reported earnings for its second fiscal quarter (ending June 30) of $1.83 versus $1.38 for the same period a year ago — an increase of 33%. This result exceeded the consensus estimate of $1.80 by $0.03. For the latest four quarters through June 30, E.P.S. were $7.81 versus $7.76 for the same period a year ago — an increase of 1%.
Recent Price Action
Matador Resources Co (NYSE: MTDR) stock declined by -2.8% on 7/23/24. The shares closed at $60.92. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.5% during the last week.
Current PriceTarget Research Rating
MTDR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Matador Resources has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Matador Resources has a neutral Power Rating of 58 but a very high Appreciation Score of 92, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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