Basic Material Stock under Consideration: Matador Resources Company (NYSE: MTDR)

On Monday, Shares of Matador Resources Company (NYSE: MTDR) rose 3.55% to $30.94. The stock recorded $29.58 as its minimum price and hit the max level of $31.39, during its most recent trading session. It traded total volume of 2.13M shares higher than the average volume of 1.80M shares.

Matador Resources Co. (MTDR) stated first-quarter net income of $59.90M. The Dallas-based company said it had net income of 55 cents per share. Earnings, adjusted for non-recurring gains, were 36 cents per share. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The independent oil and Gas Company posted revenue of $191.20M in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $169.0M.

MTDR has the market capitalization of $3.45B and its EPS growth ratio for the past five years was 36.90%. The return on assets ratio of the Company was 7.00% while its return on investment ratio stands at 12.70%. Price to sales ratio was 5.68 while 82.50% of the stock was owned by institutional investors.

David Rich

David Rich

I am David Rich and I focus on breaking news stories and ensuring we (“Stocks Pen”) offer timely reporting on some of the most recent stories released through market wires about “Basic Materials” Sector companies. I have formerly spent over 5 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for “Stocks Pen” specializing in quicker moving active shares with a short term view on investment opportunities and trends.

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