Matador Resources (NYSE:MTDR) Given New $68.00 Price Target at Citigroup

Posted by Brian Himes on Jul 20th, 2026

Matador Resources (NYSE:MTDR – Get Free Report) had its target price dropped by stock analysts at Citigroup from $72.00 to $68.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. Citigroup’s price objective indicates a potential upside of 26.48% from the stock’s previous close.

MTDR has been the topic of several other reports. KeyCorp lifted their price objective on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Truist Financial dropped their price target on Matador Resources from $67.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. BMO Capital Markets raised their price objective on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Wells Fargo & Company raised their price objective on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.77.

View Our Latest Stock Report on MTDR

Matador Resources Trading Down 0.1%

Shares of NYSE:MTDR traded down $0.04 on Monday, hitting $53.77. The company had a trading volume of 541,078 shares, compared to its average volume of 1,831,016. The firm’s 50-day simple moving average is $53.56 and its two-hundred day simple moving average is $52.91. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 13.81 and a beta of 0.74. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84.

Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (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 analysts’ expectations of $871.57 million. During the same quarter in the previous year, the company earned $1.99 earnings per share. Matador Resources’s quarterly revenue was down 33.8% on a year-over-year basis. Equities analysts anticipate that Matador Resources will post 6.99 earnings per share for the current fiscal year.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average cost of $53.07 per share, for a total transaction of $106,140.00. Following the purchase, the chief executive officer owned 11,479 shares in the company, valued at approximately $609,190.53. This trade represents a 21.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher P. Calvert bought 1,500 shares of Matador Resources stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $53.24 per share, with a total value of $79,860.00. Following the acquisition, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. This represents a 3.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 11,907 shares of company stock worth $635,712 over the last 90 days. 5.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its holdings in shares of Matador Resources by 184.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after purchasing an additional 20,011 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Matador Resources by 25.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,035 shares of the energy company’s stock worth $3,312,000 after purchasing an additional 15,859 shares during the last quarter. Peterson Wealth Services grew its position in Matador Resources by 333.7% in the 4th quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock worth $2,180,000 after purchasing an additional 39,516 shares during the period. Thrivent Financial for Lutherans grew its position in Matador Resources by 2.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,054,232 shares of the energy company’s stock worth $44,742,000 after purchasing an additional 21,630 shares during the period. Finally, Value Holdings Management CO. LLC raised its stake in Matador Resources by 10.9% during the 4th quarter. Value Holdings Management CO. LLC now owns 768,308 shares of the energy company’s stock valued at $32,607,000 after buying an additional 75,300 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Matador Resources Company Profile

(Get Free Report)

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.