Matador Resources Sells Eagle Ford Assets, Announces Potential Buybacks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 04 2025
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Source: Benzinga
Asset Sale and Future Focus: Matador Resources Co has sold its remaining Eagle Ford shale assets in South Texas to concentrate on developing high-quality acreage in the northern Delaware Basin, where it holds approximately 200,000 net acres.
Financial Position and Stock Considerations: Following the asset sale, Matador repaid $180 million of its borrowings, expects a leverage ratio of one times or lower, and is considering a stock repurchase program amidst a decline in share price.
Analyst Views on FXN
Wall Street analysts forecast FXN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 17.600
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Current: 17.600
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
