Truist Financial Cuts Matador Resources (NYSE:MTDR) Price Target to $59.00

Matador Resources (NYSE:MTDR) had its price target cut by Truist Financial from $63.00 to $59.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

Several other research firms have also recently weighed in on MTDR. Morgan Stanley lowered their price objective on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Roth Capital upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Monday, June 22nd. Weiss Ratings downgraded shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Finally, Mizuho raised Matador Resources to a “strong-buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.29.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $52.45 on Monday. The firm has a market cap of $6.49 billion, a P/E ratio of 9.00 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. Matador Resources has a 1-year low of $37.14 and a 1-year high of $66.84. The business’s 50 day moving average is $51.21 and its 200-day moving average is $53.90.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.53. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted $1.53 EPS. Equities research analysts predict that Matador Resources will post 7.11 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is currently 25.73%.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 4,675 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average cost of $52.36 per share, for a total transaction of $244,783.00. Following the purchase, the chief executive officer directly owned 6,997 shares of the company’s stock, valued at $366,362.92. The trade was a 201.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher P. Calvert purchased 1,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the acquisition, the chief financial officer directly owned 41,500 shares in the company, valued at approximately $2,209,460. The trade was a 3.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 16,596 shares of company stock worth $875,407 over the last ninety days. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MTDR. BlackRock Inc. bought a new stake in Matador Resources during the second quarter worth about $573,936,000. Dimensional Fund Advisors LP lifted its position in Matador Resources by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company’s stock worth $439,010,000 after buying an additional 277,839 shares during the last quarter. State Street Corp boosted its stake in Matador Resources by 1.9% in the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company’s stock worth $195,982,000 after buying an additional 86,344 shares in the last quarter. LSV Asset Management grew its position in Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock valued at $163,055,000 after acquiring an additional 309,708 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake 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 in the last quarter. Institutional investors 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 3,839 shares worth approximately $196,396 across August 10–11, increasing his direct position substantially. EVP William Thomas Elsener also purchased 850 shares for about $43,299. Insider buying can signal that company leadership views the current valuation as attractive. CEO insider purchase SEC filing EVP insider purchase SEC filing
• Positive Sentiment: UBS issued a bullish forecast calling for strong price appreciation in MTDR, adding support to the investment case. UBS forecast article
• Neutral Sentiment: A follow-up report on Matador’s second-quarter earnings call highlights five analyst questions, suggesting investors are focused on the company’s outlook and management commentary after its better-than-expected results. Matador Resources Q2 earnings call analysis
• Negative Sentiment: Citigroup lowered its price target from $68 to $60, reflecting more modest upside expectations, although it maintained a Buy rating. The revised target still implies approximately 14.4% potential appreciation from the referenced share price. Citigroup price target report
• Negative Sentiment: Truist issued a pessimistic forecast for Matador Resources, contrasting with UBS’s bullish view and contributing to uncertainty around the stock’s near-term valuation. Truist forecast article

About Matador Resources

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.