Matador Resources (NYSE:MTDR) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Matador Resources (NYSE:MTDR) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Matador Resources’ Q2 2026 earnings at $1.54 EPS, Q3 2026 earnings at $1.74 EPS, Q4 2026 earnings at $1.77 EPS, FY2026 earnings at $6.58 EPS, Q1 2027 earnings at $2.06 EPS, Q2 2027 earnings at $2.19 EPS, Q4 2027 earnings at $1.88 EPS and FY2028 earnings at $7.27 EPS.

A number of other brokerages also recently weighed in on MTDR. Citigroup dropped their target price on Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings downgraded Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Mizuho dropped their price objective on Matador Resources from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. KeyCorp increased their price objective on Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, Roth Mkm restated a “neutral” rating and issued a $65.00 price objective (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $64.85.

Matador Resources Stock Down 5.0%

Matador Resources stock opened at $53.78 on Monday. The company has a 50-day simple moving average of $59.61 and a 200-day simple moving average of $50.18. The firm has a market capitalization of $6.68 billion, a P/E ratio of 13.83 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. Matador Resources has a one year low of $37.14 and a one year high of $66.84.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same quarter in the prior year, the firm earned $1.99 earnings per share. The company’s quarterly revenue was down 33.8% on a year-over-year basis. As a group, equities analysts expect that Matador Resources will post 7.36 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is 38.56%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MTDR. CIBC Bancorp USA Inc. acquired a new position in Matador Resources during the third quarter worth $61,615,000. Wellington Management Group LLP raised 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 acquiring 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. First Trust Advisors LP raised its stake in Matador Resources by 103.3% during the first quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company’s stock worth $100,798,000 after acquiring an additional 810,808 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in Matador Resources by 2,495.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 552,856 shares of the energy company’s stock worth $23,463,000 after acquiring an additional 531,551 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.