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Matador Resources (MTDR) Stock Forecast & Price Target

$60.63
-1.87 (-2.99%)
(As of 05/22/2024 ET)

Matador Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 10 Analyst Ratings

Consensus Price Target

$74.80
23.37% Upside
High Forecast$87.00
Average Forecast$74.80
Low Forecast$62.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$74.80$73.90$70.38$70.56
Forecasted Upside23.37% Upside13.23% Upside27.65% Upside29.70% Upside
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MTDR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MTDR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Matador Resources Stock vs. The Competition

TypeMatador ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
3.00
2.54
2.49
Consensus RatingBuyModerate BuyHold
Predicted Upside23.37% Upside523.89% Upside8.72% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$78.00 ➝ $83.00+31.45%
4/26/2024Truist Financial
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 Boost TargetBuy ➝ Buy$85.00 ➝ $87.00+33.46%
4/23/2024Benchmark
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 Lower TargetBuy ➝ Buy$71.00 ➝ $62.00-4.34%
4/22/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$71.00 ➝ $76.00+17.63%
4/18/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$76.00 ➝ $85.00+30.03%
4/11/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$76.00 ➝ $77.00+9.76%
3/25/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$66.00-4.00%
3/5/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$70.00+10.32%
3/4/2024TD Cowen
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 Boost TargetOutperform ➝ Outperform$64.00 ➝ $72.00+11.73%
1/8/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$76.00 ➝ $70.00+28.58%
2/17/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy
1/25/2023Cowen
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 Boost TargetOutperform$67.00 ➝ $78.00+22.93%
9/21/2022MKM Partners
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 Reiterated RatingBuy$68.00+22.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:21 AM ET.

MTDR Frequently Asked Questions

What is Matador Resources's stock forecast and purchase recommendation?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Matador Resources is $74.80, with a high forecast of $87.00 and a low forecast of $62.00. The consensus rating for Matador Resources stock is Buy based on the current 10 buy ratings for MTDR. Learn more on MTDR's analyst rating history.

Do Wall Street analysts like Matador Resources more than its competitors?

Analysts like Matador Resources more than other "oils/energy" companies. The consensus rating for Matador Resources is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how MTDR compares to other companies.

Does Matador Resources's stock price have much upside?

According to analysts, Matador Resources's stock has a predicted upside of 16.09% based on their 12-month stock forecasts.

What analysts cover Matador Resources?

Matador Resources has been rated by research analysts at Benchmark, JPMorgan Chase & Co., KeyCorp, Mizuho, Roth Mkm, Royal Bank of Canada, TD Cowen, Truist Financial, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:MTDR) was last updated on 5/23/2024 by MarketBeat.com Staff

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