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Why Matador Resources (MTDR) Could Be Positioned for a Surge?

Matador Resources CompanyMTDR is a company in the Oil - U.S. Exploration & Production 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, 1 estimate has gone higher for Matador Resources while 1 has gone lower in the same time period. However, the trend has been pretty favorable, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 2 cents a share today, a move of 50%.

Current Year Estimates for MTDR

The consensus estimate trend has seen a boost for this time frame, narrowing from a loss of 3 cents per share 30 days ago to earnings of 3 cents per share today.

Bottom Line

The stock has also started to move higher lately, adding 6.1% 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 #3 (Hold) stock to profit in the near future.

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MATADOR RESOURC (MTDR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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