Will Matador Share Price Get A Boost From Improved Credit Rating?
Oil-and-gas explorer Matador Resources is nearing its June 8 high, ahead of next week’s earnings report.Wall Street expects earnings of $2.53 a share on revenue of $766.17 million. That would more than double year-ago earnings and mark a 62% top-line increase.In September, Matador repurchased its bonds on the open market, reducing its debt levels.Bond rater Fitch upgraded the company’s credit rating.Energy-sector strength was on display Thursday as oil-and-gas explorer Matador Resources (NYSE:MTDR) was trading within 3% of its June 8 high of $67.78. Q3 2022 hedge fund letters, conferences and ...