Matador Resources (NYSE:MTDR) Price Target Raised to $56.00

Matador Resources (NYSE:MTDR) had its price target raised by UBS Group from $54.00 to $56.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the energy company’s stock.

Several other research analysts have also recently issued reports on MTDR. Morgan Stanley dropped their target price on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Mizuho raised shares of Matador Resources to a “strong-buy” rating in a research report on Friday, July 31st. Citigroup lowered their price objective on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wells Fargo & Company raised their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Finally, Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One 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 stock. According to MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and an average price target of $65.29.

Matador Resources Price Performance

Shares of MTDR opened at $52.45 on Monday. The firm has a fifty day simple moving average of $51.21 and a two-hundred day simple moving average of $53.90. The firm has a market cap of $6.49 billion, a PE ratio of 9.00 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. Matador Resources has a 1-year low of $37.14 and a 1-year high of $66.84.

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

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a $0.375 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.9%. Matador Resources’s dividend payout ratio is presently 25.73%.

Insider Buying and Selling

In other news, EVP William Thomas Elsener bought 850 shares of Matador Resources stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $50.94 per share, with a total value of $43,299.00. Following the acquisition, the executive vice president owned 114,879 shares of the company’s stock, valued at $5,851,936.26. The trade was a 0.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Glenn W. Stetson bought 500 shares of Matador Resources stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $53.41 per share, with a total value of $26,705.00. Following the completion of the acquisition, the chief operating officer directly owned 95,470 shares in the company, valued at $5,099,052.70. This represents a 0.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 16,596 shares of company stock worth $875,407 over the last ninety days. 5.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently modified their holdings of MTDR. Jones Financial Companies Lllp lifted its stake in shares of Matador Resources by 1,104.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after buying an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after buying an additional 690 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Matador Resources in the 2nd quarter worth $255,000. Arrowstreet Capital Limited Partnership bought a new stake in Matador Resources during the second quarter valued at about $5,126,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Matador Resources by 767.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after acquiring an additional 2,885 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Key Headlines Impacting Matador Resources

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

• Positive Sentiment: CEO Joseph Wm. Foran bought 3,839 shares worth approximately $196,396 across August 10–11, increasing his direct position substantially. EVP William Thomas Elsener also purchased 850 shares for about $43,299. Insider buying can signal that company leadership views the current valuation as attractive. CEO insider purchase SEC filing EVP insider purchase SEC filing
• Positive Sentiment: UBS issued a bullish forecast calling for strong price appreciation in MTDR, adding support to the investment case. UBS forecast article
• Neutral Sentiment: A follow-up report on Matador’s second-quarter earnings call highlights five analyst questions, suggesting investors are focused on the company’s outlook and management commentary after its better-than-expected results. Matador Resources Q2 earnings call analysis
• Negative Sentiment: Citigroup lowered its price target from $68 to $60, reflecting more modest upside expectations, although it maintained a Buy rating. The revised target still implies approximately 14.4% potential appreciation from the referenced share price. Citigroup price target report
• Negative Sentiment: Truist issued a pessimistic forecast for Matador Resources, contrasting with UBS’s bullish view and contributing to uncertainty around the stock’s near-term valuation. Truist forecast article

Matador Resources Company Profile

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.