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Matador Resources (MTDR) Stock Forecast & Price Target

$62.72
-1.34 (-2.09%)
(As of 07/22/2024 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

Based on 12 Wall Street analysts who have issued ratings for Matador Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a hold rating, and 11 have given a buy rating for MTDR.

Consensus Price Target

$75.91
21.03% Upside
High Forecast$88.00
Average Forecast$75.91
Low Forecast$62.00

According to the 12 analysts' twelve-month price targets for Matador Resources, the average price target is $75.91. The highest price target for MTDR is $88.00, while the lowest price target for MTDR is $62.00. The average price target represents a forecasted upside of 21.03% from the current price of $62.72.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate 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
11 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
Hold
1 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$75.91$76.09$74.10$69.56
Forecasted Upside21.03% Upside21.67% Upside13.77% Upside24.00% 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
2.92
2.57
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside21.03% Upside334.93% Upside9.23% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/22/2024Truist Financial
1 of 5 stars
 Lower TargetBuy ➝ Buy$91.00 ➝ $86.00+36.33%
7/18/2024Wolfe Research
3 of 5 stars
J. Abbott
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Initiated CoveragePeer Perform
7/17/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$85.00 ➝ $88.00+33.17%
6/21/2024Stephens
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M. Scialla
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Initiated CoverageOverweight$83.00+44.00%
6/14/2024Mizuho
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 Boost TargetBuy ➝ Buy$83.00 ➝ $85.00+51.06%
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%
4/11/2024JPMorgan 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 Tuesday at 02:18 AM ET.

MTDR Forecast - Frequently Asked Questions

What is Matador Resources' forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Matador Resources is $75.91, with a high forecast of $88.00 and a low forecast of $62.00.

Should I buy or sell Matador Resources stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matador Resources in the last year. There is currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MTDR shares.

Does Matador Resources's stock price have much upside?

According to analysts, Matador Resources's stock has a predicted upside of 20.37% based on their 12-month stock forecasts.

What analysts cover Matador Resources?

Matador Resources has been rated by research analysts at Mizuho, Stephens, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.

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

Analysts like Matador Resources more than other "oils/energy" companies. The consensus rating score for Matador Resources is 2.92 while the average consensus rating score for "oils/energy" companies is 2.57. Learn more on how MTDR compares to other companies.


This page (NYSE:MTDR) was last updated on 7/23/2024 by MarketBeat.com Staff

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