On Monday, Matador Resources earned an upgrade to its Relative Strength (RS) Rating, from 79 to 82.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves.
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Is Matador Resources Stock A Buy?
Matador Resources stock broke out earlier, but has fallen back below the prior 67.71 entry from a cup without handle. If a stock you're tracking breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
The Texas-based energy company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -31% to -4%. Revenue rose from -8% to 18%. The company is expected to report its latest earnings and sales numbers on or around Apr. 23.
Matador Resources stock holds the No. 2 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Diamondback Energy is the top-ranked stock within the group.
