Matador Resources (NYSE:MTDR – Free Report) had its target price cut by KeyCorp from $73.00 to $68.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the energy company’s stock.
Other equities analysts also recently issued reports about the stock. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Monday, June 22nd. Morgan Stanley dropped their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Zacks Research downgraded shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Stephens raised their target price on shares of Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Mizuho upgraded Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $66.07.
Read Our Latest Stock Analysis on MTDR
Matador Resources Trading Up 3.9%
Matador Resources (NYSE:MTDR – Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 EPS. Research analysts expect that Matador Resources will post 7.11 earnings per share for the current fiscal year.
Matador Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.8%. Matador Resources’s dividend payout ratio (DPR) is currently 25.73%.
Insider Activity
In other Matador Resources news, EVP William Thomas Elsener acquired 850 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the acquisition, the executive vice president owned 114,879 shares of the company’s stock, valued at approximately $5,851,936.26. The trade was a 0.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Glenn W. Stetson acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the acquisition, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at $5,099,052.70. The trade was a 0.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 31,596 shares of company stock worth $1,654,207 in the last 90 days. 5.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Matador Resources
Several large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Matador Resources during the 2nd quarter worth about $573,936,000. Dimensional Fund Advisors LP lifted its position in Matador Resources by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company’s stock valued at $439,010,000 after buying an additional 277,839 shares during the last quarter. State Street Corp lifted its position in Matador Resources by 1.9% in the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company’s stock valued at $195,982,000 after buying an additional 86,344 shares during the last quarter. LSV Asset Management boosted its stake in Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock worth $163,055,000 after buying an additional 309,708 shares during the period. Finally, Wellington Management Group LLP boosted its stake 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 during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.
Matador Resources News Summary
Here are the key news stories impacting Matador Resources this week:
- Positive Sentiment: CEO Joseph Wm. Foran purchased 10,000 shares for approximately $521,600 on August 12 and another 5,000 shares for $257,200 on August 13. These purchases followed additional recent buying, bringing his direct ownership to 30,617 shares. EVP William Thomas Elsener also bought 850 shares. The concentrated insider activity may signal that management views MTDR as undervalued. SEC insider transaction filing
- Positive Sentiment: Wells Fargo raised its price target from $63 to $79, implying significant potential upside, even while maintaining an “equal weight” rating. Siebert Williams Shank also reiterated a “buy” rating, supporting the view that analysts see additional value in the shares. Wells Fargo price target update Siebert Williams Shank rating
- Positive Sentiment: Matador’s second-quarter earnings exceeded expectations, with earnings per share of $2.61 versus the $2.08 consensus and revenue of $1.17 billion versus $1.06 billion expected. Revenue rose 32.5% year over year, reinforcing the company’s operating momentum. Matador Resources earnings information
- Positive Sentiment: Recent analysis highlights Matador’s midstream infrastructure and connectivity in the Delaware Basin, which may improve access to markets, increase acreage value and support the economics of future drilling. Delaware Basin midstream analysis
- Neutral Sentiment: Analysts give MTDR a consensus “Moderate Buy” rating, but recent target changes are mixed. KeyCorp lowered its target from $73 to $68 while retaining an “overweight” rating, suggesting continued confidence tempered by near-term uncertainty. Matador Resources analyst consensus KeyCorp price target update
- Negative Sentiment: Investors continue to monitor 2026 headwinds, including commodity-price conditions, production expectations and spending plans. These factors could limit the near-term benefit of the earnings beat and create volatility for the energy producer. Matador Resources earnings call analysis
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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