Matador Resources (NYSE:MTDR) Raised to “Overweight” at Wells Fargo & Company

Matador Resources (NYSE:MTDR) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a $77.00 price objective on the energy company’s stock, down from their previous price objective of $79.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 29.98% from the stock’s current price.

Other analysts have also issued reports about the company. Morgan Stanley dropped their target price on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, June 29th. Citigroup lowered their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen raised Matador Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Stephens boosted their price target on shares of Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.93.

Matador Resources Trading Up 2.1%

Shares of Matador Resources stock opened at $59.24 on Wednesday. Matador Resources has a 12-month low of $37.14 and a 12-month high of $66.84. The firm’s 50 day simple moving average is $52.38 and its two-hundred day simple moving average is $55.01. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 10.16 and a beta of 0.79.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted $1.53 earnings per share. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. Analysts predict that Matador Resources will post 7.26 EPS for the current year.

Insiders Place Their Bets

In related news, COO Glenn W. Stetson bought 500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were bought 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 directly owned 95,470 shares of the company’s stock, valued at $5,099,052.70. This represents a 0.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Wm Foran purchased 10,000 shares of Matador Resources stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $52.16 per share, for a total transaction of $521,600.00. Following the completion of the purchase, the chief executive officer directly owned 25,617 shares in the company, valued at approximately $1,336,182.72. This trade represents a 64.03% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 27,644 shares of company stock valued at $1,457,138. Insiders own 5.90% of the company’s stock.

Institutional Trading of Matador Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Great Lakes Advisors LLC acquired a new stake in Matador Resources during the 2nd quarter worth approximately $605,000. Morningstar Investment Management LLC purchased a new stake in shares of Matador Resources during the first quarter worth $2,630,000. Quantbot Technologies LP purchased a new stake in shares of Matador Resources during the second quarter worth $3,682,000. Peterson Wealth Services raised its stake in shares of Matador Resources by 333.7% in the fourth quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock valued at $2,180,000 after acquiring an additional 39,516 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Matador Resources in the second quarter valued at $573,936,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Matador Resources

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

• Positive Sentiment: CFO Christopher Calvert bought 2,500 shares for approximately $141,600 at an average price of $56.64, increasing his holdings by 6.02% to 44,000 shares. The purchase may support investor confidence by signaling that a senior executive views the stock as attractively valued. Christopher Calvert Purchases 2,500 Shares of Matador Resources Stock
• Positive Sentiment: Zacks Research raised its EPS forecasts for Matador’s third quarter of 2027, fiscal 2027 and fiscal 2028 to $1.82, $6.90 and $7.35, respectively. These increases suggest some improvement in the longer-term earnings outlook. Matador Resources analyst estimates
• Neutral Sentiment: The estimate revisions were mixed overall: Zacks lowered its forecasts for fourth-quarter 2026, first-quarter 2027, second-quarter 2027, fourth-quarter 2027 and fiscal 2026, while maintaining a “Hold” rating. The changes were small, but they indicate limited conviction about near-term earnings growth.
• Positive Sentiment: Matador’s latest reported quarter provides a favorable fundamental backdrop. EPS of $2.61 exceeded the $2.08 consensus estimate, revenue reached $1.17 billion versus expectations of $1.06 billion, and revenue increased 32.5% year over year.
• Neutral Sentiment: The company trades at roughly 10 times earnings and pays a quarterly dividend of $0.375, or $1.50 annually. Its consensus full-year EPS estimate is $7.26, while analysts collectively maintain a “Moderate Buy” rating and an average price target of $66.07.

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.