On Apr 16, 2015, Matador Resources announced a public offering of 7 million of its common stock.
This slump shouldn’t be too much of a surprise to investors, as the oil exploration and production company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower 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.
Another better-ranked stock in the same sector is Atlas Resource Partners, L.P. (ARP) with a Zacks Rank #2 (Buy).
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