KeyCorp Forecasts Strong Price Appreciation for Matador Resources (NYSE:MTDR) Stock

Matador Resources (NYSE:MTDR) had its price target raised by equities research analysts at KeyCorp from $61.00 to $73.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target would suggest a potential upside of 16.20% from the company’s current price. KeyCorp also issued estimates for Matador Resources’ Q4 2027 earnings at $2.47 EPS.

MTDR has been the subject of a number of other research reports. BMO Capital Markets raised their target price on shares of Matador Resources from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada reduced their price objective on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Truist Financial started coverage on Matador Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $60.00 price objective for the company. UBS Group lifted their target price on Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.86.

Matador Resources Trading Down 0.1%

NYSE MTDR opened at $62.82 on Thursday. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.75 and a current ratio of 0.79. The stock’s 50 day moving average price is $53.06 and its two-hundred day moving average price is $46.27. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 10.30 and a beta of 0.91.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. The company had revenue of $847.99 million during the quarter, compared to analysts’ expectations of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The business’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. As a group, analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Beacon Pointe Advisors LLC boosted its holdings in shares of Matador Resources by 4.3% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock worth $252,000 after buying an additional 216 shares during the period. Fiduciary Trust Co raised its holdings in Matador Resources by 2.2% in the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after acquiring an additional 253 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Matador Resources by 2.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock valued at $388,000 after acquiring an additional 254 shares during the period. Verdence Capital Advisors LLC lifted its position in Matador Resources by 3.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock worth $349,000 after acquiring an additional 278 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Matador Resources by 5.4% during the third quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock worth $253,000 after acquiring an additional 290 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.