This slump shouldn’t be too much of a surprise to investors, as the Oil company has seen 1 negative revision in the past few weeks and its current year earnings consensus hasn’t been in trend either over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MTDR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Some better-ranked stocks in the Oil Export and Production industry include Athlon Energy Inc. (ATHL), Encana Corporation (ECA) and RSP Permian, Inc. (RSPP). All these stocks hold a Zacks Rank #1 (Strong Buy).
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