KeyCorp Issues Pessimistic Forecast for Matador Resources (NYSE:MTDR) Stock Price

Matador Resources (NYSE:MTDR) had its target price dropped by stock analysts at KeyCorp from $73.00 to $68.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target indicates a potential upside of 29.65% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Mizuho upgraded shares of Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. Citigroup dropped their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. Roth Capital raised 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. Zacks Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Truist Financial decreased their price objective on Matador Resources from $63.00 to $59.00 and set a “buy” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $64.93.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $52.45 on Thursday. The stock’s 50-day simple moving average is $51.21 and its 200-day simple moving average is $53.90. The firm has a market capitalization of $6.49 billion, a PE ratio of 9.00 and a beta of 0.76. Matador Resources has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The firm’s revenue was up 32.5% on a year-over-year basis. As a group, equities research analysts forecast that Matador Resources will post 7.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Christopher P. Calvert acquired 1,500 shares of Matador Resources stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $53.24 per share, with a total value of $79,860.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Glenn W. Stetson bought 500 shares of the stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the purchase, the chief operating officer directly owned 95,470 shares in the company, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 16,596 shares of company stock valued at $875,407 in the last quarter. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of MTDR. V Square Quantitative Management LLC acquired a new stake in shares of Matador Resources in the 1st quarter worth $27,000. Kestra Investment Management LLC increased its stake in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares during the period. Center for Financial Planning Inc. acquired a new position in shares of Matador Resources during the first quarter worth about $41,000. Altshuler Shaham Ltd raised its holdings in Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Matador Resources during the third quarter worth about $35,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: CEO Joseph Wm. Foran bought 3,130 shares for approximately $159,755 and then purchased another 709 shares, while EVP William Thomas Elsener bought 850 shares for roughly $43,299. The concentrated buying by senior executives may signal that management considers MTDR attractively valued after its recent weakness. Matador Resources insider buying report
• Positive Sentiment: Matador’s second-quarter earnings exceeded expectations, with adjusted earnings of $2.61 per share versus the $2.08 consensus estimate and revenue of $1.17 billion versus forecasts of $1.06 billion. Revenue increased 32.5% year over year, strengthening the fundamental case for the energy producer. Matador Resources financial information
• Positive Sentiment: An analysis argues that Matador’s midstream connectivity increases the value of its Delaware Basin acreage, potentially improving infrastructure access and supporting the economics of future development. Matador Resources midstream connectivity analysis
• Neutral Sentiment: Analysts continue to scrutinize management’s outlook and answers from the second-quarter earnings call, indicating that future production, commodity prices and 2026 spending remain important valuation factors. Matador Resources earnings call analysis
• Negative Sentiment: Citigroup reduced its price target from $68 to $60, and Truist reportedly issued a more pessimistic outlook. Although both firms retain constructive elements, the target reductions highlight concerns about 2026 headwinds and temper the impact of the earnings beat. Citigroup price target update Truist forecast report

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.