Matador Resources Company (NYSE:MTDR) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MTDR to report 3Q20 loss of $ 0.06 per share.
For the full year, analysts anticipate top line of $ 835.38 million, while looking forward to income of $ 0.13 per share bottom line.
Previous Quarter Performance
Matador Resources Company communicated loss for the second quarter of $ 0.03 per share, from the revenue of $ 62.92 million. The quarterly revenues down 71.23 percent compared with the same quarter last year. Street analysts expected Matador Resources Company to report loss of $ 0.16 per share on revenue of $ 165.41 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 81.25 percent, at the same time, top line results fell short of analysts by $ 102.49 million or 61.96 percent.
Stock Performance
Shares of Matador Resources Company traded up $ 0.12 or 1.35 percent on Friday, reaching $ 8.99 with volume of 1.61 million shares. Matador Resources Company has traded high as $ 9.15 and has cracked $ 8.74 on the downward trend
According to the previous trading day, closing price of $ 8.99, representing a 699.10 % increase from the 52 week low of $ 1.11 and a 55.27 % decrease over the 52 week high of $ 19.83.
The company has a market capital of $ 1.04 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 14th September 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating.
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
