Matador Resources (MTDR) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matador Resources in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTDR shares.
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9 analysts have issued 12 month price targets for Matador Resources' stock. Their MTDR share price forecasts range from $61.00 to $78.00. On average, they anticipate the company's share price to reach $70.56 in the next year. This suggests a possible upside of 62.6% from the stock's current price.
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Matador Resources' stock was trading at $57.24 on January 1st, 2023. Since then, MTDR stock has decreased by 24.2% and is now trading at $43.40.
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Matador Resources saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,940,000 shares, an increase of 23.0% from the April 15th total of 7,270,000 shares. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is presently 6.2 days. Currently, 8.1% of the shares of the company are short sold.
View Matador Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our MTDR earnings forecast.

Matador Resources (NYSE:MTDR) issued its quarterly earnings data on Tuesday, April, 25th. The energy company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.24 by $0.26. The energy company earned $502.90 million during the quarter, compared to analysts' expectations of $514.24 million. Matador Resources had a trailing twelve-month return on equity of 37.11% and a net margin of 38.33%. The company's revenue for the quarter was down 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 EPS.

Matador Resources declared a quarterly dividend on Tuesday, April 18th. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.15 per share on Thursday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for MTDR.

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

Matador Resources (NYSE:MTDR) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.30%. 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 6.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTDR will have a dividend payout ratio of 7.08% 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.26%), State Street Corp (4.34%), Dimensional Fund Advisors LP (3.41%), Silvercrest Asset Management Group LLC (2.78%), JPMorgan Chase & Co. (2.49%) and Geode Capital Management LLC (1.78%). Insiders that own company stock include Billy E Goodwin, Billy E Goodwin, Craig N Adams, Craig N Adams, Craig T Burkert, Joseph Wm Foran, Kenneth L Stewart, Monika U Ehrman, Reynald Baribault, Robert Gaines Baty, Robert T Macalik, Rogers Julia P Forrester, Timothy E Parker 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 $43.40.

Matador Resources (NYSE:MTDR) has a market capitalization of $5.17 billion and generates $3.06 billion in revenue each year. The energy company earns $1.21 billion in net income (profit) each year or $9.76 on an earnings per share basis.

The company employs 286 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.