Matador Resources (NYSE:MTDR – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Matador Resources’ Q2 2026 earnings at $1.54 EPS, Q3 2026 earnings at $1.74 EPS, Q4 2026 earnings at $1.77 EPS, FY2026 earnings at $6.58 EPS, Q1 2027 earnings at $2.06 EPS, Q2 2027 earnings at $2.19 EPS, Q4 2027 earnings at $1.88 EPS and FY2028 earnings at $7.27 EPS.
Several other research analysts have also recently issued reports on MTDR. TD Cowen increased their price objective on shares of Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Wells Fargo & Company increased their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Truist Financial upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $67.00 in a report on Tuesday, May 12th. Mizuho decreased their price objective on shares of Matador Resources from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Morgan Stanley increased their price objective on shares of Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $64.85.
Matador Resources Price Performance
Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same quarter last year, the business earned $1.99 earnings per share. Matador Resources’s revenue was down 33.8% compared to the same quarter last year. Analysts anticipate that Matador Resources will post 7.36 earnings per share for the current year.
Institutional Trading of Matador Resources
A number of large investors have recently added to or reduced their stakes in MTDR. CIBC Bancorp USA Inc. bought a new stake in Matador Resources during the third quarter worth approximately $61,615,000. Wellington Management Group LLP boosted its holdings in Matador Resources by 65.0% during the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after buying an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in Matador Resources during the fourth quarter worth approximately $53,249,000. First Trust Advisors LP boosted its holdings in Matador Resources by 103.3% during the first quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company’s stock worth $100,798,000 after buying an additional 810,808 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Matador Resources by 2,495.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 552,856 shares of the energy company’s stock worth $23,463,000 after buying an additional 531,551 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.
About Matador Resources
Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.
Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.
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