KeyCorp Increases Earnings Estimates for Matador Resources

Matador Resources Company (NYSE:MTDR) – KeyCorp increased their Q3 2026 earnings per share estimates for Matador Resources in a report released on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the energy company will post earnings per share of $2.71 for the quarter, up from their prior estimate of $2.08. KeyCorp currently has a “Overweight” rating and a $73.00 target price on the stock. The consensus estimate for Matador Resources’ current full-year earnings is $7.36 per share. KeyCorp also issued estimates for Matador Resources’ FY2026 earnings at $8.88 EPS.

A number of other research firms have also issued reports on MTDR. Truist Financial upgraded Matador Resources from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $67.00 in a research note on Tuesday, May 12th. Wells Fargo & Company raised their price objective on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Morgan Stanley raised their price objective on Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. TD Cowen raised their price objective on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Finally, Citigroup lowered their price objective on Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $65.08.

Matador Resources Price Performance

MTDR stock opened at $55.68 on Friday. 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 1 year low of $37.14 and a 1 year high of $66.84. The firm has a market cap of $6.91 billion, a P/E ratio of 14.31 and a beta of 0.74. The stock has a 50-day simple moving average of $59.16 and a 200-day simple moving average of $50.92.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same quarter last year, the firm earned $1.99 earnings per share. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC raised its stake in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Matador Resources in the 1st quarter worth $27,000. Rothschild Investment LLC raised its stake in shares of Matador Resources by 5,927.3% in the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Matador Resources in the 3rd quarter worth $35,000. Finally, Center for Financial Planning Inc. bought a new stake in shares of Matador Resources in the 1st quarter worth $41,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Glenn W. Stetson acquired 500 shares of Matador Resources stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of $53.94 per share, for a total transaction of $26,970.00. Following the completion of the purchase, the chief operating officer directly owned 94,970 shares of the company’s stock, valued at $5,122,681.80. This trade represents a 0.53% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Christopher P. Calvert acquired 1,500 shares of Matador Resources stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price 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 $2,209,460. The trade was a 3.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 7,407 shares of company stock valued at $390,367 in the last quarter. Insiders own 5.90% of the company’s stock.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is currently 38.56%.

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.