Matador Resources (NYSE:MTDR) Price Target Raised to $79.00

Matador Resources (NYSE:MTDR) had its price objective raised by Wells Fargo & Company from $63.00 to $79.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the energy company’s stock.

MTDR has been the subject of a number of other reports. Truist Financial cut their target price on Matador Resources from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, August 10th. KeyCorp dropped their price objective on Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group increased their price objective on Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Morgan Stanley cut their price objective on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. Finally, Roth Capital raised Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a report on Monday, June 22nd. One investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.07.

Matador Resources Trading Up 3.9%

NYSE MTDR opened at $53.61 on Thursday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 9.20 and a beta of 0.76. Matador Resources has a 52-week low of $37.14 and a 52-week high of $66.84. The firm has a 50-day moving average price of $51.13 and a 200 day moving average price of $53.96. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The firm’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts expect that Matador Resources will post 7.11 EPS for the current year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 2.8%. Matador Resources’s dividend payout ratio is 25.73%.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $51.44 per share, for a total transaction of $257,200.00. Following the transaction, the chief executive officer directly owned 30,617 shares of the company’s stock, valued at approximately $1,574,938.48. This represents a 19.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William Thomas Elsener acquired 850 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the purchase, the executive vice president owned 114,879 shares in the company, valued at $5,851,936.26. The trade was a 0.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 31,596 shares of company stock worth $1,654,207 over the last ninety days. 5.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Morningstar Investment Management LLC acquired a new stake in shares of Matador Resources during the first quarter valued at $2,630,000. Peterson Wealth Services increased its position in Matador Resources by 333.7% during 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 in the last quarter. Thrivent Financial for Lutherans raised its stake 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 valued at $44,742,000 after purchasing an additional 21,630 shares during the last quarter. Copeland Capital Management LLC raised its stake in Matador Resources by 19.6% in the 4th quarter. Copeland Capital Management LLC now owns 1,426,505 shares of the energy company’s stock valued at $60,541,000 after purchasing an additional 233,423 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Matador Resources by 17.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 233,212 shares of the energy company’s stock valued at $9,898,000 after purchasing an additional 35,366 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Key Stories Impacting Matador Resources

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

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.