Zacks Research Has Optimistic Opinion of MTDR Q3 Earnings

Key Points

• Zacks Research raised Matador Resources’ Q3 2026 EPS estimate to $1.78 from $1.10 and projects full-year 2026 EPS of $7.82, reflecting stronger near-term earnings expectations.
• Matador’s latest quarter 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 “Moderate Buy” consensus rating with an average price target of $67.20; the company also increased its quarterly dividend to $0.4375, implying a 2.9% annual yield.

Matador Resources Company (NYSE:MTDR - Free Report) - Investment analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of Matador Resources in a note issued to investors on Thursday, October 29th. Zacks Research analyst Team now expects that the energy company will earn $1.78 per share for the quarter, up from their prior forecast of $1.10. The consensus estimate for Matador Resources' current full-year earnings is $7.94 per share. Zacks Research also issued estimates for Matador Resources' Q4 2026 earnings at $1.89 EPS, FY2026 earnings at $7.82 EPS, Q1 2027 earnings at $2.13 EPS, Q2 2027 earnings at $2.47 EPS, Q3 2027 earnings at $1.81 EPS, FY2027 earnings at $7.82 EPS, Q3 2028 earnings at $1.46 EPS and FY2028 earnings at $7.46 EPS.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.53. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm's quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS.

Several other research firms have also issued reports on MTDR. Seaport Research Partners began coverage on Matador Resources in a report on Thursday, September 3rd. They set a "neutral" rating for the company. Citigroup decreased their target price on Matador Resources from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. KeyCorp raised their target price on shares of Matador Resources from $68.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, September 15th. Wells Fargo & Company dropped their price target on shares of Matador Resources from $77.00 to $76.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 14th. Finally, Weiss Ratings raised Matador Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.20.

Matador Resources Stock Up 1.6%

MTDR opened at $60.80 on Monday. Matador Resources has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The company's 50-day moving average is $56.67 and its 200 day moving average is $54.28. 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 market capitalization of $7.52 billion, a P/E ratio of 10.43 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MTDR. BlackRock Inc. acquired a new position in Matador Resources during the second quarter worth $573,936,000. Bank of New York Mellon Corp purchased a new position in shares of Matador Resources in the 2nd quarter worth about $56,161,000. Bank of America Corp DE acquired a new stake in Matador Resources during the 2nd quarter valued at $42,184,000. Value Holdings Management CO. LLC bought a new position in Matador Resources during the 2nd quarter valued at $41,532,000. Finally, First Trust Advisors LP raised its stake in Matador Resources by 103.3% during the first 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 period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Joseph Foran bought 555 shares of the business's stock in a transaction on Wednesday, August 26th. The stock was acquired at an average price of $54.49 per share, for a total transaction of $30,241.95. Following the purchase, the chief executive officer directly owned 4,772 shares in the company, valued at $260,026.28. This trade represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William Elsener acquired 850 shares of Matador Resources stock in a transaction dated Monday, August 10th. The shares were 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 of the company's stock, valued at approximately $5,851,936.26. The trade was a 0.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 23,144 shares of company stock valued at $1,211,793 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Matador Resources's previous quarterly dividend of $0.3750. Matador Resources's payout ratio is currently 25.73%.

Matador Resources News Roundup

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

• Positive Sentiment: Zacks raised its Matador Resources FY2026 EPS estimate to $7.82 from $6.66, while increasing its Q3 2026 estimate to $1.78 from $1.10 and Q4 2026 estimate to $1.89 from $1.42. These revisions suggest stronger near-term earnings expectations. Zacks Research Has Negative Forecast for MTDR Q4 Earnings
• Positive Sentiment: Projected FY2027 EPS increased to $7.82 from $6.92. Zacks also raised estimates for Q1 2027 to $2.13 from $1.68, Q2 2027 to $2.47 from $1.83, and Q3 2027 to $1.81 from $1.76, indicating improved expectations across the year. Matador Resources earnings estimates
• Neutral Sentiment: The current full-year analyst consensus remains approximately $7.83 EPS, meaning the revised FY2026 and FY2027 forecasts are broadly in line with consensus rather than representing a major new surprise.
• Negative Sentiment: Zacks reduced its FY2028 EPS forecast to $7.46 from $7.48 and cut its Q3 2028 estimate to $1.46 from $1.76. The small annual reduction is limited, but the quarterly cut signals some caution about longer-term earnings momentum. Zacks Research Has Negative Forecast for MTDR Q4 Earnings

About Matador Resources

Matador Resources Company NYSE: MTDR is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador's principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company's operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.

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