Matador Resources (NYSE:MTDR) Upgraded by Wells Fargo & Company to "Overweight" Rating

Key Points

• Wells Fargo upgraded Matador Resources to “Overweight” from “Equal Weight,” while lowering its price target to $77 from $79. The new target implies nearly 30% upside from the stock’s current price.
• Matador’s latest quarterly results exceeded expectations, with EPS of $2.61 versus the $2.08 consensus and revenue of $1.17 billion versus $1.06 billion expected. Revenue rose 32.5% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target around $66. Insiders have also purchased shares recently, including CEO and COO acquisitions.

Matador Resources (NYSE:MTDR - Get Free Report) was upgraded by investment analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report released on Wednesday, Benzinga reports. The firm currently has a $77.00 target price on the energy company's stock, down from their previous target price of $79.00. Wells Fargo & Company's price objective would suggest a potential upside of 29.98% from the company's current price.

Other research analysts have also issued research reports about the company. Wall Street Zen raised Matador Resources from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Roth Capital raised Matador Resources from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a research note on Monday, June 22nd. Zacks Research downgraded Matador Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Mizuho raised Matador Resources to a "strong-buy" rating in a research report on Friday, July 31st. Finally, UBS Group upped their price target 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 research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.93.

Matador Resources Trading Up 2.1%

Shares of NYSE MTDR opened at $59.24 on Wednesday. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84. 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 firm has a 50-day moving average of $52.38 and a 200 day moving average of $55.01. The stock has a market cap of $7.33 billion, a P/E ratio of 10.16 and a beta of 0.79.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The business's revenue was up 32.5% compared to the same quarter last year. As a group, sell-side analysts expect that Matador Resources will post 7.26 EPS for the current fiscal year.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran purchased 555 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $54.49 per share, for a total transaction of $30,241.95. Following the completion of the purchase, the chief executive officer owned 4,772 shares in the company, valued at approximately $260,026.28. This represents a 13.16% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Glenn W. Stetson acquired 500 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of $53.41 per share, with a total value of $26,705.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 27,644 shares of company stock worth $1,457,138 over the last three months. Company insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Matador Resources

Several large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Matador Resources during the first quarter valued at approximately $27,000. Kestra Investment Management LLC lifted its holdings in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company's stock worth $25,000 after buying an additional 358 shares during the period. Center for Financial Planning Inc. bought a new stake in Matador Resources during the 1st quarter valued at $41,000. Altshuler Shaham Ltd increased its holdings in shares of Matador Resources by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company's stock valued at $47,000 after acquiring an additional 201 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Matador Resources during the 3rd quarter worth $35,000. Institutional investors own 91.98% of the company's stock.

Matador Resources News Summary

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.

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.

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