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Matador Resources: The Fifth-Best-Performing Upstream Stock Year-to-Date

Nicholas Chapman - Author

Dec. 7 2017, Updated 7:31 a.m. ET

Matador Resources’ year-to-date performance

On December 1, 2017, Matador Resources (MTDR) was the fifth-best-performing stock in 2017 from the oil and gas production—or upstream—sector in the US. Year-to-date, MTDR has risen from its 2016 close of $25.76 to $29.14 on December 1—an increase of ~13.0%.

Year-to-date in 2017, MTDR has outperformed crude oil (USO) and natural gas (UNG) (BOIL). Year-to-date, crude oil has risen ~8.0% whereas natural gas has fallen ~16.0%.

In comparison, the SPDR S&P 500 ETF (SPY) has risen ~18.0%, and the SPDR Dow Jones Industrial Average ETF (DIA) has risen ~23.0% in 2017.

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Matador Resources’ revenues and earnings

In 9M17, Matador Resources (MTDR) reported revenues of ~$399.0 million—about 124.0% higher than its 9M16 revenues of ~$178.0 million. MTDR’s revenue growth was driven by the year-over-year higher production coupled with improved realizations for crude oil and natural gas prices.

MTDR has reported negative net income every quarter of 9M17. However, its losses are ~10.0% lower in 9M17 than in 9M16.

In 9M17, MTDR increased its proved reserves by 38.0% from 105.8 MMBoe (million barrels of oil equivalent) on December 31, 2016, to 145.9 MMBoe on September 30, 2017.

Next, we’ll look at the worst-performing upstream stock in 2017.


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