Morgan Stanley Issues Positive Forecast for Matador Resources (NYSE:MTDR) Stock Price

Key Points

• Morgan Stanley raised Matador Resources’ price target from $66 to $69 while maintaining an “equal weight” rating, implying 27.5% potential upside from the previous close.
• Analyst sentiment remains favorable, with MarketBeat reporting a “Moderate Buy” consensus rating and an average price target of $66.81.
• Matador exceeded quarterly expectations, reporting $2.61 in earnings per share versus the $2.08 consensus and $1.17 billion in revenue, up 32.5% year over year.

Matador Resources (NYSE:MTDR - Get Free Report) had its target price upped by research analysts at Morgan Stanley from $66.00 to $69.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the energy company's stock. Morgan Stanley's price objective would suggest a potential upside of 27.50% from the stock's previous close.

Several other equities research analysts have also weighed in on MTDR. Roth Capital upgraded Matador Resources from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Monday, June 22nd. Stifel Nicolaus started coverage on Matador Resources in a report on Thursday, September 10th. They issued a "buy" rating and a $66.00 price objective for the company. Citigroup lowered their price objective on Matador Resources from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Wall Street Zen raised Matador Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 26th. Finally, Scotiabank initiated coverage on shares of Matador Resources in a report on Thursday. They set a "sector perform" rating and a $59.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.81.

Matador Resources Price Performance

MTDR traded down $1.07 during midday trading on Thursday, hitting $54.12. The stock had a trading volume of 389,750 shares, compared to its average volume of 1,851,588. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84. The company has a market cap of $6.70 billion, a P/E ratio of 9.29 and a beta of 0.98. The business has a fifty day moving average of $55.64 and a 200 day moving average of $55.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.53. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%. The business's quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. As a group, equities analysts forecast that Matador Resources will post 7.52 earnings per share for the current fiscal year.

Insider Transactions at Matador Resources

In other news, CFO Christopher Calvert purchased 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, for a total transaction of $141,600.00. Following the purchase, the chief financial officer directly owned 44,000 shares in the company, valued at approximately $2,492,160. This trade represents a 6.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Elsener acquired 850 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the transaction, the executive vice president directly owned 114,879 shares in the company, valued at $5,851,936.26. The trade was a 0.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 23,144 shares of company stock valued at $1,211,793. Insiders own 5.90% of the company's stock.

Institutional Trading of Matador Resources

A number of institutional investors and hedge funds have recently modified their holdings of MTDR. BlackRock Inc. bought a new position in Matador Resources in the second quarter worth approximately $573,936,000. Encompass Capital Advisors LLC bought a new stake in shares of Matador Resources during the 4th quarter valued at $53,249,000. Bank of New York Mellon Corp bought a new stake in shares of Matador Resources during the 2nd quarter valued at $56,161,000. Bank of America Corp DE bought a new stake in shares of Matador Resources during the 2nd quarter valued at $42,184,000. Finally, Value Holdings Management CO. LLC purchased a new stake in shares of Matador Resources in the 2nd quarter worth $41,532,000. Institutional investors own 91.98% of the company's stock.

Key Matador Resources News

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

• Positive Sentiment: Truist Financial raised its price target from $59 to $65 and reiterated a Buy rating, implying roughly 20% upside from recent trading levels. Truist analyst update
• Positive Sentiment: Wells Fargo issued a Buy rating on Matador, adding to the positive analyst sentiment surrounding the energy producer. Wells Fargo Buy rating
• Positive Sentiment: BMO Capital maintained its Buy rating, signaling continued confidence in Matador’s operating outlook. BMO Capital rating update
• Neutral Sentiment: Scotiabank initiated coverage with a Sector Perform rating and a $59 price target, representing approximately 9% potential upside but suggesting limited outperformance versus peers. Scotiabank coverage initiation
• Neutral Sentiment: Matador will release third-quarter 2026 results after the market close on November 3, followed by a conference call on November 4. The upcoming report could provide the next major catalyst for the shares. Third-quarter 2026 earnings release date
• Negative Sentiment: Wells Fargo trimmed its price target from $77 to $76, although it retained an Overweight rating. The modest reduction may reflect slightly lower valuation expectations despite substantial projected upside. Wells Fargo price target update

About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas properties. Its operations are focused primarily on unconventional, or shale, formations, with oil, natural gas and natural gas liquids among its principal products.

The company's main exploration and production activities are concentrated in the Delaware Basin, part of the Permian Basin in southeastern New Mexico and West Texas. Matador has also historically held interests in other U.S.

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