Matador Resources Turns To Profit In Q4 - Quick Facts

(RTTNews) - Matador Resources (MTDR) posted fourth-quarter net income of $15.4 million, or $0.23 per share, compared to net loss of $21.2 million, or $0.38 per share in the comparable quarter last year.

Oil and natural gas revenues increased 32% to $69.7 million in the fourth quarter of 2013, as compared to $52.7 million in the fourth quarter of 2012.

On average, analysts polled by Thomson Reuters expected the company to earn $0.26 per share on revenues of $70.01 million. Analysts' estimates typically exclude special items.

Looking ahead, to fiscal 2014, the company now expects oil and natural gas revenues of $325 to $355 million. Analysts now expect revenues of $355.27 million.