Matador Resources (NYSE:MTDR) Given New $66.00 Price Target at Truist Financial

Matador Resources (NYSE:MTDR) had its target price lifted by Truist Financial from $65.00 to $66.00 in a research note published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the energy company’s stock.

Several other equities research analysts have also issued reports on the company. Stephens raised their price objective on Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Matador Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Seaport Research Partners started coverage on Matador Resources in a report on Thursday, September 3rd. They set a “neutral” rating on the stock. Wells Fargo & Company lowered their price target on Matador Resources from $77.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, October 14th. Finally, Mizuho dropped their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

Matador Resources Stock Down 1.0%

Shares of MTDR opened at $49.87 on Thursday. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 8.60 and a beta of 0.93. Matador Resources has a 1 year low of $37.74 and a 1 year high of $66.84. The business’s 50 day simple moving average is $56.33 and its 200-day simple moving average is $54.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.55 and a quick ratio of 0.62.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. Matador Resources’s quarterly revenue was up 33.9% on a year-over-year basis. As a group, equities analysts expect that Matador Resources will post 8.11 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 10th will be issued a $0.4375 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.75 annualized dividend and a dividend yield of 3.5%. This is an increase from Matador Resources’s previous quarterly dividend of $0.3750. Matador Resources’s dividend payout ratio (DPR) is presently 25.73%.

Insider Buying and Selling

In related news, CFO Christopher Calvert acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $56.64 per share, with a total value of $141,600.00. Following the completion of the transaction, the chief financial officer directly owned 44,000 shares in the company, valued at $2,492,160. This trade represents a 6.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Foran bought 10,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $52.16 per share, with a total value of $521,600.00. Following the completion of the purchase, the chief executive officer owned 25,617 shares of the company’s stock, valued at $1,336,182.72. This represents a 64.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 25,644 shares of company stock valued at $1,342,693. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Matador Resources

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its stake in Matador Resources by 33.3% in the 3rd quarter. Fifth Third Bancorp now owns 150,931 shares of the energy company’s stock valued at $7,785,000 after purchasing an additional 37,676 shares during the last quarter. Alpha Wealth Funds LLC acquired a new stake in Matador Resources during the 3rd quarter worth $304,000. Maryland State Retirement & Pension System boosted its stake in Matador Resources by 17.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 6,798 shares of the energy company’s stock worth $351,000 after purchasing an additional 1,025 shares during the last quarter. Keybank National Association OH boosted its stake in Matador Resources by 9.6% during the 3rd quarter. Keybank National Association OH now owns 8,596 shares of the energy company’s stock worth $443,000 after purchasing an additional 755 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of Matador Resources during the third quarter worth $449,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

More Matador Resources News

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

• Positive Sentiment: Matador reported Q3 EPS of $2.08, above the $1.85 consensus, and revenue of $1.39 billion versus $1.12 billion expected. Revenue rose 33.9% year over year. The company also raised its dividend by 17%. Matador Resources Q3 2026: Six Straight Beats, Dividend Up 17%
• Positive Sentiment: Truist raised its price target to $66 from $65 and maintained a Buy rating; Stifel Nicolaus also reaffirmed its Buy rating. Stifel Nicolaus Reaffirms Buy Rating
• Positive Sentiment: CFO Christopher Calvert bought 2,000 shares for about $105,140, increasing his direct holding by 4.55%—a potential signal of confidence from an insider. SEC Form 4 filing
• Neutral Sentiment: Matador secured new long-term gas agreements in the Delaware Basin, providing commercial support for its gas production. Matador Secures New Long-Term Gas Agreements
• Negative Sentiment: A Q3 analysis highlighted margin compression despite production growth, which may temper the impact of the earnings beat and help explain why the shares have not responded more strongly to positive news. MTDR Q3 2026 Deep Dive

Matador Resources Company Profile

Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador’s principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company’s operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.