Matador Resources (MTDR) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matador Resources in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTDR shares.
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9 Wall Street research analysts have issued 12-month price targets for Matador Resources' shares. Their MTDR share price forecasts range from $62.00 to $80.00. On average, they predict the company's share price to reach $72.63 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
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Matador Resources' stock was trading at $57.24 at the beginning of the year. Since then, MTDR shares have increased by 0.0% and is now trading at $57.26.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Matador Resources (NYSE:MTDR) announced its quarterly earnings data on Tuesday, July, 25th. The energy company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by $0.12. The energy company had revenue of $638.20 million for the quarter, compared to analysts' expectations of $636.91 million. Matador Resources had a net margin of 33.46% and a trailing twelve-month return on equity of 27.40%. The company's revenue was down 32.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.47 EPS.

Matador Resources announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Friday, August 11th will be given a dividend of $0.15 per share on Friday, September 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, August 10th.
Read our dividend analysis for MTDR.

ETFs with the largest weight of Matador Resources (NYSE:MTDR) stock in their portfolio include The Acquirers Fund (ZIG), First Trust Natural Gas ETF (FCG), Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Nuveen Small Cap Select ETF (NSCS) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

Matador Resources (NYSE:MTDR) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.03%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTDR will have a dividend payout ratio of 7.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTDR.

14 employees have rated Matador Resources Chief Executive Officer Joseph W. Foran on Glassdoor.com. Joseph W. Foran has an approval rating of 38% among the company's employees. This puts Joseph W. Foran in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Matador Resources investors own include Laredo Petroleum (LPI), Energy Transfer (ET), Callon Petroleum (CPE), Advanced Micro Devices (AMD), Pfizer (PFE), Boeing (BA), AT&T (T), Oasis Petroleum (OAS), Occidental Petroleum (OXY) and Wells Fargo & Company (WFC).

Matador Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTDR."

Matador Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.57%), State Street Corp (4.31%), Dimensional Fund Advisors LP (3.41%), Silvercrest Asset Management Group LLC (2.65%), Victory Capital Management Inc. (2.40%) and JPMorgan Chase & Co. (2.02%). Insiders that own company stock include Billy E Goodwin, Billy E Goodwin, Craig N Adams, Craig N Adams, Craig T Burkert, Joseph Wm Foran, Monika U Ehrman, Reynald Baribault, Robert Gaines Baty, Robert T Macalik, Timothy E Parker, William M Byerley and William Thomas Elsener.
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Shares of MTDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTDR stock can currently be purchased for approximately $57.26.

Matador Resources (NYSE:MTDR) has a market capitalization of $6.82 billion and generates $3.06 billion in revenue each year. The energy company earns $1.21 billion in net income (profit) each year or $7.66 on an earnings per share basis.

The company employs 360 workers across the globe.

Matador Resources' mailing address is 5400 LBJ Freeway Suite 1500, Dallas TX, 75240. The official website for the company is www.matadorresources.com. The energy company can be reached via phone at (972) 371-5200, via email at investors@matadorresources.com, or via fax at 972-371-5201.