Citigroup Cuts Matador Resources (NYSE:MTDR) Price Target to $60.00

Matador Resources (NYSE:MTDR) had its target price cut by Citigroup from $68.00 to $60.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price objective on Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Zacks Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Roth Capital raised Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Monday, June 22nd. 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. Finally, Mizuho raised Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and a consensus price target of $66.07.

Matador Resources Trading Down 1.7%

Shares of Matador Resources stock opened at $51.59 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. The business has a fifty day simple moving average of $51.13 and a two-hundred day simple moving average of $53.96. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 8.85 and a beta of 0.76.

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

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is 25.73%.

Insider Buying and Selling

In other news, CFO Christopher P. Calvert acquired 1,500 shares of Matador Resources stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the purchase, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This represents a 3.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Glenn W. Stetson acquired 500 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 16,596 shares of company stock worth $875,407 over the last three months. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Matador Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Trust Company N.A bought a new stake in shares of Matador Resources during the second quarter worth $237,000. Sanctuary Advisors LLC bought a new stake in shares of Matador Resources during the second quarter worth about $355,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Matador Resources in the second quarter valued at approximately $4,176,000. Bank of Nova Scotia bought a new position in Matador Resources in the 2nd quarter valued at approximately $340,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Matador Resources during the 2nd quarter worth approximately $425,000. 91.98% of the stock is owned by institutional investors.

Trending Headlines about Matador Resources

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

• Positive Sentiment: Management buying provided a confidence signal: CEO Joseph Wm. Foran purchased 3,130 shares for about $159,755 and another 709 shares for approximately $36,641, while EVP William Thomas Elsener bought 850 shares for roughly $43,299. The purchases increase executives’ personal exposure to MTDR near recent trading levels. Matador Resources insider buying
• Positive Sentiment: Wells Fargo raised its price target from $63 to $79 while maintaining an “equal weight” rating. The higher target implies substantial potential appreciation and suggests the firm sees improved value, even though it is not recommending an outright overweight position. Wells Fargo price target update
• Positive Sentiment: Matador’s second-quarter results materially exceeded expectations, with earnings per share of $2.61 versus the $2.08 consensus estimate and revenue of $1.17 billion versus $1.06 billion expected. Revenue rose 32.5% year over year, supporting the case for continued production and cash-flow strength.
• Positive Sentiment: Coverage highlights Matador’s expansion in the Delaware Basin and its midstream connectivity. The infrastructure network may increase the value of the company’s acreage by improving takeaway access and supporting the economics of future development. Delaware Basin expansion article Midstream connectivity analysis
• Neutral Sentiment: Siebert Williams Shank maintained a “buy” recommendation, reinforcing broadly constructive analyst sentiment. KeyCorp also kept an “overweight” rating despite reducing its target from $73 to $68, indicating upside remains but expectations have moderated. Siebert Williams Shank rating KeyCorp price target update
• Negative Sentiment: Recent target reductions from KeyCorp, Truist and Citigroup, along with questions surrounding 2026 commodity prices, spending and production growth, are limiting enthusiasm after the earnings beat. These concerns suggest investors remain focused on energy-market volatility and execution risks. Truist forecast

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.