Equities Analysts Offer Predictions for MTDR Q3 Earnings

Key Points

• Zacks Research lowered Matador Resources’ Q3 2028 EPS forecast to $1.76 from $1.83, while full-year consensus earnings remain $7.54 per share.
• Matador’s latest quarterly results exceeded expectations, with EPS of $2.61 versus the $2.08 consensus and revenue of $1.17 billion, up 32.5% year over year.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $66.80; the company also pays a $0.375 quarterly dividend.

Matador Resources Company (NYSE:MTDR - Free Report) - Equities research analysts at Zacks Research reduced their Q3 2028 earnings estimates for shares of Matador Resources in a research note issued to investors on Tuesday, September 29th. Zacks Research analyst Team now forecasts that the energy company will earn $1.76 per share for the quarter, down from their previous forecast of $1.83. The consensus estimate for Matador Resources' current full-year earnings is $7.54 per share.

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, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $1.53 EPS. The business's quarterly revenue was up 32.5% compared to the same quarter last year.

A number of other analysts also recently issued reports on MTDR. Citigroup dropped their price target 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. Mizuho upgraded Matador Resources to a "strong-buy" rating in a research report on Friday, July 31st. UBS Group boosted their target price on Matador Resources from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. Seaport Research Partners began coverage on Matador Resources in a research note on Thursday, September 3rd. They issued a "neutral" rating for the company. Finally, Morgan Stanley reduced their price target on shares of Matador Resources from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.80.

Matador Resources Price Performance

Matador Resources stock opened at $53.03 on Friday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 9.10 and a beta of 0.98. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $54.60 and a 200 day simple moving average of $55.70. Matador Resources has a 52 week low of $37.14 and a 52 week high of $66.84.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were issued a $0.3750 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. Matador Resources's payout ratio is currently 25.73%.

Insider Transactions at Matador Resources

In related news, CFO Christopher P. Calvert purchased 2,500 shares of Matador Resources stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $56.64 per share, for a total transaction of $141,600.00. Following the transaction, the chief financial officer directly owned 44,000 shares in the company, valued at $2,492,160. The trade was a 6.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Elsener purchased 850 shares of the firm's stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the purchase, the executive vice president directly owned 114,879 shares in the company, valued at approximately $5,851,936.26. This trade represents a 0.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 23,144 shares of company stock worth $1,211,793. Company insiders own 5.90% of the company's stock.

Institutional Trading of Matador Resources

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Matador Resources in the second quarter worth $573,936,000. Dimensional Fund Advisors LP grew its holdings in Matador Resources by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company's stock worth $439,010,000 after acquiring an additional 277,839 shares during the last quarter. First Trust Advisors LP grew its holdings in Matador Resources by 103.3% in the 1st quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company's stock worth $100,798,000 after acquiring an additional 810,808 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Matador Resources by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,236,457 shares of the energy company's stock valued at $94,942,000 after acquiring an additional 18,729 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Matador Resources by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,777,883 shares of the energy company's stock valued at $75,453,000 after acquiring an additional 5,529 shares during the period. Hedge funds and other 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: Zacks raised its Q3 2026 EPS estimate to $1.10 from $0.99, Q4 2026 to $1.42 from $1.24, and full-year 2026 EPS to $6.66 from $6.37. It also lifted Q2 2027 EPS to $1.83 from $1.60, FY2027 to $6.92 from $6.90, and FY2028 to $7.48 from $7.35. These upgrades improve the outlook for near- and longer-term profitability. Zacks Research Issues Positive Outlook for MTDR Earnings
• Positive Sentiment: Zacks also increased its Q2 2028 EPS forecast to $1.87 from $1.68, reinforcing expectations for earnings growth beyond 2026.
• Neutral Sentiment: The revisions leave Zacks’ estimates close to the broader consensus, with current full-year EPS consensus cited at approximately $7.51-$7.54. This indicates the upgrades are supportive but not a major departure from market expectations.
• Negative Sentiment: Zacks lowered several later-quarter forecasts: Q1 2027 EPS to $1.68 from $1.80, Q4 2027 to $1.65 from $1.67, Q1 2028 to $1.70 from $1.81, Q3 2027 to $1.76 from $1.82, and Q3 2028 to $1.76 from $1.83. These reductions temper the longer-term outlook.

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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