KeyCorp Lowers Matador Resources (NYSE:MTDR) Price Target to $68.00

Matador Resources (NYSE:MTDR) had its target price lowered by equities research analysts at KeyCorp from $73.00 to $68.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. KeyCorp’s target price suggests a potential upside of 29.65% from the company’s current price.

Several other brokerages have also recently commented on MTDR. Truist Financial reduced their price objective on shares of Matador Resources from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Matador Resources in a research report on Friday, August 7th. Stephens increased their target price on shares of Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Citigroup reduced their price target on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Mizuho raised Matador Resources to a “strong-buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.93.

Matador Resources Trading Down 0.3%

NYSE:MTDR opened at $52.45 on Thursday. The stock has a fifty day moving average price of $51.21 and a two-hundred day moving average price of $53.90. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 9.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $1.53 EPS. The business’s revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Matador Resources will post 7.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Christopher P. Calvert acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the transaction, the chief financial officer owned 41,500 shares in the company, valued at $2,209,460. This trade represents a 3.75% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William Thomas Elsener acquired 850 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $50.94 per share, with a total value of $43,299.00. Following the transaction, the executive vice president owned 114,879 shares in the company, valued at $5,851,936.26. This represents a 0.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 16,596 shares of company stock worth $875,407 in the last ninety days. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors have recently modified their holdings of MTDR. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Matador Resources during the second quarter worth approximately $4,176,000. Bank of Nova Scotia purchased a new stake in Matador Resources in the 2nd quarter worth approximately $340,000. Elevation Point Wealth Partners LLC acquired a new position in Matador Resources in the 2nd quarter valued at $425,000. Commerce Bank acquired a new position in Matador Resources in the 2nd quarter valued at $390,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Matador Resources during the 2nd quarter worth $1,160,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Key Headlines Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: CEO Joseph Wm. Foran bought 3,130 shares for approximately $159,755 and then purchased another 709 shares, while EVP William Thomas Elsener bought 850 shares for roughly $43,299. The concentrated buying by senior executives may signal that management considers MTDR attractively valued after its recent weakness. Matador Resources insider buying report
• Positive Sentiment: Matador’s second-quarter earnings exceeded expectations, with adjusted earnings of $2.61 per share versus the $2.08 consensus estimate and revenue of $1.17 billion versus forecasts of $1.06 billion. Revenue increased 32.5% year over year, strengthening the fundamental case for the energy producer. Matador Resources financial information
• Positive Sentiment: An analysis argues that Matador’s midstream connectivity increases the value of its Delaware Basin acreage, potentially improving infrastructure access and supporting the economics of future development. Matador Resources midstream connectivity analysis
• Neutral Sentiment: Analysts continue to scrutinize management’s outlook and answers from the second-quarter earnings call, indicating that future production, commodity prices and 2026 spending remain important valuation factors. Matador Resources earnings call analysis
• Negative Sentiment: Citigroup reduced its price target from $68 to $60, and Truist reportedly issued a more pessimistic outlook. Although both firms retain constructive elements, the target reductions highlight concerns about 2026 headwinds and temper the impact of the earnings beat. Citigroup price target update Truist forecast report

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.