5 Important Energy Stocks Making Moves After Earnings

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In this article, we discuss 5 important energy stocks making moves after earnings. If you want to read our detailed analysis of these companies, go directly to 10 Important Energy Stocks Making Moves After Earnings.  

5. Matador Resources Company (NYSE:MTDR)

Number of Hedge Fund Holders: 27

Shares of Matador Resources Company (NYSE:MTDR) rose over four percent in the pre-market trading session on Wednesday, July 27, 2022, after delivering solid results for the second quarter.

Matador Resources Company (NYSE:MTDR) earned $3.47 per share on an adjusted basis, well above $1.02 per share in the second quarter of 2021. Revenue increased to $943.93 million, from $357.43 million in the year-ago period. The results smashed the consensus of $3.13 per share for earnings and $802.34 million for revenue.

Praising the results, CEO of Matador Resources Company (NYSE:MTDR), Joseph Wm. Foran, said:

“The first quarter of 2022 was a record quarter—the best quarter in Matador’s history. The second quarter of 2022 was even better, operationally and financially. Matador set new financial records across the board, including all-time quarterly highs for oil and natural gas revenues of $893 million, net income of $416 million, Adjusted EBITDA of $664 million and adjusted free cash flow of $454 million, and we expect the next two quarters to be strong as well.”

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