Matador Resources (NYSE:MTDR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Matador Resources (NYSE:MTDR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

MTDR has been the subject of a number of other research reports. UBS Group boosted their target price on shares of Matador Resources from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. KeyCorp decreased their price target on shares of Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial lowered their price objective on Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a 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 note on Monday, June 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Matador Resources in a report on Friday, August 7th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.07.

Matador Resources Stock Up 3.9%

Shares of MTDR opened at $53.61 on Friday. 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 12 month low of $37.14 and a 12 month high of $66.84. The stock’s 50 day moving average is $51.13 and its two-hundred day moving average is $53.96. The firm has a market cap of $6.63 billion, a P/E ratio of 9.20 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 EPS. Analysts predict 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 paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. Matador Resources’s dividend payout ratio is 25.73%.

Insider Activity

In other news, COO Glenn W. Stetson purchased 500 shares of Matador Resources stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $53.41 per share, with a total value of $26,705.00. Following the transaction, the chief operating officer owned 95,470 shares in the company, valued at $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher P. Calvert acquired 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the acquisition, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at $2,209,460. The trade was a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 31,596 shares of company stock worth $1,654,207 over the last quarter. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Matador Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Matador Resources in the 2nd quarter valued at approximately $573,936,000. Wellington Management Group LLP lifted 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 purchasing an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Matador Resources during the fourth quarter worth $53,249,000. Bank of New York Mellon Corp acquired a new position in Matador Resources during the second quarter worth $56,161,000. Finally, Value Holdings Management CO. LLC purchased a new position in shares of Matador Resources during the second quarter worth $41,532,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Key Matador Resources News

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.