Wells Fargo & Company Raises Matador Resources (NYSE:MTDR) Price Target to $79.00

Key Points

• Wells Fargo raised its Matador Resources price target to $79 from $63 while maintaining an “equal weight” rating, implying roughly 50.6% upside from the stock’s reported $52.45 price.
• Analyst sentiment remains generally positive, with Matador holding a “Moderate Buy” consensus rating and an average price target of $66.07, despite mixed target revisions from firms including Truist and KeyCorp.
• Matador’s latest quarterly results exceeded expectations: EPS was $2.61 versus the $2.08 consensus, revenue reached $1.17 billion, and revenue rose 32.5% year over year.

Matador Resources (NYSE:MTDR - Get Free Report) had its price target upped by research analysts at Wells Fargo & Company from $63.00 to $79.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the energy company's stock. Wells Fargo & Company's price target suggests a potential upside of 50.62% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a "hold (c)" rating on shares of Matador Resources in a research report on Friday, August 7th. Truist Financial cut their price target on Matador Resources from $63.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday. Roth Capital upgraded Matador Resources from a "neutral" rating to a "buy" rating and set a $65.00 price objective for the company in a research report on Monday, June 22nd. KeyCorp cut their target price on shares of Matador Resources from $73.00 to $68.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, UBS Group boosted their price target on shares of Matador Resources from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.07.

Matador Resources Trading Down 0.3%

MTDR stock opened at $52.45 on Thursday. The business has a fifty day moving average price of $51.21 and a 200 day moving average price of $53.90. 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 has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 9.00 and a beta of 0.76.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned $1.53 earnings per share. Matador Resources's quarterly revenue was up 32.5% on a year-over-year basis. Analysts expect that Matador Resources will post 7.11 EPS for the current fiscal year.

Insider Activity

In other news, EVP William Thomas Elsener bought 850 shares of the stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $50.94 per share, with a total value of $43,299.00. Following the completion of the purchase, the executive vice president owned 114,879 shares of the company's stock, valued at approximately $5,851,936.26. This trade represents a 0.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Christopher P. Calvert bought 1,500 shares of the business's stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the acquisition, the chief financial officer owned 41,500 shares of the company's stock, valued at approximately $2,209,460. This trade represents a 3.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 16,596 shares of company stock worth $875,407 in the last ninety days. Company insiders own 5.90% of the company's stock.

Institutional Trading of Matador Resources

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Matador Resources in the 2nd quarter valued at approximately $573,936,000. Dimensional Fund Advisors LP increased its position in shares of Matador Resources by 4.2% during the first 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 in the last quarter. State Street Corp increased its position in shares of Matador Resources by 1.9% during the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company's stock worth $195,982,000 after acquiring an additional 86,344 shares in the last quarter. LSV Asset Management raised its holdings in shares of Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company's stock worth $163,055,000 after acquiring an additional 309,708 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Matador Resources by 65.0% during the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company's stock worth $144,558,000 after acquiring an additional 1,342,145 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Key Stories Impacting Matador Resources

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

• Positive Sentiment: CEO Joseph Wm. Foran bought 3,130 shares for approximately $159,755 and then purchased another 709 shares, while EVP William Thomas Elsener bought 850 shares for roughly $43,299. The concentrated buying by senior executives may signal that management considers MTDR attractively valued after its recent weakness. Matador Resources insider buying report
• Positive Sentiment: Matador’s second-quarter earnings exceeded expectations, with adjusted earnings of $2.61 per share versus the $2.08 consensus estimate and revenue of $1.17 billion versus forecasts of $1.06 billion. Revenue increased 32.5% year over year, strengthening the fundamental case for the energy producer. Matador Resources financial information
• Positive Sentiment: An analysis argues that Matador’s midstream connectivity increases the value of its Delaware Basin acreage, potentially improving infrastructure access and supporting the economics of future development. Matador Resources midstream connectivity analysis
• Neutral Sentiment: Analysts continue to scrutinize management’s outlook and answers from the second-quarter earnings call, indicating that future production, commodity prices and 2026 spending remain important valuation factors. Matador Resources earnings call analysis
• Negative Sentiment: Citigroup reduced its price target from $68 to $60, and Truist reportedly issued a more pessimistic outlook. Although both firms retain constructive elements, the target reductions highlight concerns about 2026 headwinds and temper the impact of the earnings beat. Citigroup price target update Truist forecast report

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador's core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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