Matador Resources Co (NYSE: MTDR) has reported earnings for its third fiscal quarter (ending September 30) of $1.99 versus $2.21 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $7.59 versus $7.12 for the same period a year ago.
Recent Price Action
Matador Resources Co (NYSE: MTDR) stock declined slightly by -0.9% on 10/22/24. The stock closed at $50.33. Moreover, trading volume in this decline was above average at 141% of normal. Relative to the market the stock has been weak over the last nine months and has declined -6.2% 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Matador Resources has a very high Appreciation Score of 94 but a poor Power Rating of 19, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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