Compared to Estimates, Matador (MTDR) Q2 Earnings: A Look at Key Metrics

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Matador performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Average Daily Production Volumes - Oil: 126,106.00 BBL/D versus the eight-analyst average estimate of 124,594.20 BBL/D.
• Average Daily Production Volumes - Natural gas: 537.1 millions of cubic feet per day versus 512.5 millions of cubic feet per day estimated by eight analysts on average.
• Average Daily Production Volumes - Total oil equivalent: 215631 millions of barrels of oil equivalent per day versus the eight-analyst average estimate of 210114.4 millions of barrels of oil equivalent per day.
• Average Sales Prices - Oil, with realized derivatives: $83.19 versus the six-analyst average estimate of $85.76.
• Average Sales Prices - Natural gas, with realized derivatives: $1.24 versus $0.62 estimated by five analysts on average.
• Average Sales Prices - Natural gas without realized derivatives: $-0.79 versus $-2.02 estimated by five analysts on average.
• Average Sales Prices - Oil without realized derivatives: $98.16 compared to the $99.26 average estimate based on five analysts.
• Revenues- Third-party midstream services revenues: $44.59 million versus the four-analyst average estimate of $45.37 million. The reported number represents a year-over-year change of +6.2%.
• Revenues- Sales of purchased natural gas: $41.25 million versus $66.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -39.3% change.
• Revenues- Oil and natural gas revenues: $1.09 billion compared to the $933.09 million average estimate based on three analysts. The reported number represents a change of +33.3% year over year.

View all Key Company Metrics for Matador here>>>

Shares of Matador have returned -5.3% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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