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

Matador Resources (NYSE:MTDR) had its price objective reduced by investment analysts at KeyCorp from $72.00 to $60.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price objective indicates a potential upside of 46.27% from the company’s current price. KeyCorp also issued estimates for Matador Resources’ Q3 2026 earnings at $1.97 EPS.

MTDR has been the subject of several other reports. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley cut their target price on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Finally, Raymond James lowered their price target on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

Matador Resources Trading Up 2.5 %

NYSE:MTDR opened at $41.02 on Monday. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 5.75 and a beta of 2.74. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average price is $47.56 and its 200-day moving average price is $53.63. Matador Resources has a 52 week low of $35.19 and a 52 week high of $67.51.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. On average, equities research analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Insider Transactions at Matador Resources

In other Matador Resources news, Director Paul W. Harvey bought 600 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Van H. Singleton II bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the purchase, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 21,350 shares of company stock valued at $1,100,769 over the last three months. Corporate insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

Institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new position in shares of Matador Resources during the 4th quarter valued at about $25,000. TCTC Holdings LLC grew its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Matador Resources in the 1st quarter worth approximately $28,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after acquiring an additional 207 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.