Zacks Research Has Optimistic Opinion of MTDR Q3 Earnings

Key Points

• Zacks Research raised its Matador Resources Q3 2026 EPS estimate to $1.10 from $0.99 and forecast FY2026 earnings of $6.66 per share, though estimates for some later periods were reduced.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $66.80; KeyCorp and Stephens recently raised their targets.
• Matador’s latest quarter exceeded expectations, reporting $2.61 EPS and $1.17 billion in revenue, while the company maintains a $0.375 quarterly dividend, equivalent to a 2.9% yield.

Matador Resources Company (NYSE:MTDR - Free Report) - Research analysts at Zacks Research increased their Q3 2026 earnings estimates for shares of Matador Resources in a report released on Tuesday, September 29th. Zacks Research analyst Team now forecasts that the energy company will post earnings per share of $1.10 for the quarter, up from their prior estimate of $0.99. The consensus estimate for Matador Resources' current full-year earnings is $7.51 per share. Zacks Research also issued estimates for Matador Resources' Q4 2026 earnings at $1.42 EPS, FY2026 earnings at $6.66 EPS, Q2 2027 earnings at $1.83 EPS, Q3 2027 earnings at $1.76 EPS, Q1 2028 earnings at $1.70 EPS and Q2 2028 earnings at $1.87 EPS.

A number of other research firms have also issued reports on MTDR. KeyCorp increased their target price on Matador Resources from $68.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Wall Street Zen raised Matador Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 26th. Stephens upped their price target on Matador Resources from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Truist Financial lowered their price objective on shares of Matador Resources from $63.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Finally, Citigroup dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.80.

Matador Resources Trading Up 1.8%

NYSE:MTDR opened at $51.63 on Thursday. The business's 50-day moving average is $54.58 and its two-hundred day moving average is $55.73. The firm has a market capitalization of $6.39 billion, a PE ratio of 8.86 and a beta of 0.79. Matador Resources has a 12 month low of $37.14 and a 12 month 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.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the company earned $1.53 EPS. The firm's revenue was up 32.5% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of Matador Resources in the 1st quarter worth about $27,000. Center for Financial Planning Inc. bought a new position in shares of Matador Resources during the first quarter worth about $41,000. Altshuler Shaham Ltd lifted its position in shares of Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company's stock worth $47,000 after purchasing an additional 201 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Matador Resources in the second quarter worth about $44,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Matador Resources in the second quarter valued at about $54,000. 91.98% of the stock is currently owned by institutional investors.

Insider Activity at Matador Resources

In other Matador Resources news, CFO Christopher P. Calvert bought 2,500 shares of the business's stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $56.64 per share, with a total value of $141,600.00. Following the transaction, 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 SEC, which can be accessed through this link. Also, CEO Joseph Foran purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $52.16 per share, with a total value of $521,600.00. Following the transaction, the chief executive officer directly owned 25,617 shares of the company's stock, valued at approximately $1,336,182.72. This represents a 64.03% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 23,144 shares of company stock valued at $1,211,793. Insiders own 5.90% of the company's stock.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were paid a $0.3750 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. Matador Resources's payout ratio is 25.73%.

Key Stories Impacting Matador Resources

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

• Positive Sentiment: Zacks raised its 2026 EPS forecast to $6.66 from $6.37, reflecting improved expectations for Matador’s annual profitability. Estimates also increased for third-quarter 2026 EPS to $1.10 from $0.99 and fourth-quarter EPS to $1.42 from $1.24.
• Positive Sentiment: The firm lifted its second-quarter 2027 EPS forecast to $1.83 from $1.60, and increased its full-year 2027 estimate to $6.92 from $6.90. Its 2028 annual forecast also rose to $7.48 from $7.35, while second-quarter 2028 estimates increased to $1.87 from $1.68.
• Neutral Sentiment: The revisions are concentrated in research estimates rather than a company announcement, and the current full-year consensus remains $7.51 per share. As a result, the changes may have only a modest effect unless other analysts follow with similar revisions.
• Negative Sentiment: Zacks lowered several later-period forecasts, including first-quarter 2027 EPS to $1.68 from $1.80, fourth-quarter 2027 EPS to $1.65 from $1.67, third-quarter 2027 EPS to $1.76 from $1.82, and first-quarter 2028 EPS to $1.70 from $1.81. These cuts temper the impact of the positive revisions and signal uneven expectations for future earnings.

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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