Truist Upgrades Matador Resources to Buy with $67 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy MTDR?
Source: seekingalpha
- Rating Upgrade: Truist upgraded Matador Resources from Hold to Buy, raising the price target from $60 to $67, believing that the current share price offers an attractive entry point for small-to-midcap leverage, reflecting confidence in the company's future growth.
- Asset Strength: Matador boasts a formidable position in the Delaware Basin with 212.5K net acres and approximately 1,600 gross locations, providing an impressive 12 years of inventory depth, which ranks among the highest for oily small-cap stocks and suggests the potential for a higher valuation multiple.
- Profit Growth Strategy: Management indicated during the Q1 earnings call that the company will remain patient with the potential to accelerate some TILs this year while continuing to adhere to its mantra of “profitable growth at a measured pace,” demonstrating a commitment to sustainable development.
- Cost Control: By leveraging electric and hybrid-electric fracturing fleets, increasing water recycling, and integrating operational AI, Matador maintains well cost guidance between $785 and $805 per foot, among the lowest in the Delaware Basin, further enhancing its competitive edge.
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Analyst Views on MTDR
Wall Street analysts forecast MTDR stock price to fall
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 57.940
Low
50.00
Averages
57.08
High
70.00
Current: 57.940
Low
50.00
Averages
57.08
High
70.00
About MTDR
Matador Resources Company is an independent energy company. The Company is engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. It operates through two segments: exploration and production and midstream. The exploration and production segment are engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States and is focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The midstream segment conducts midstream operations in support of the Company’s exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produce water disposal services to third parties.
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.
Truist Upgrades Matador Resources to Buy with $67 Price Target
- Rating Upgrade: Truist upgraded Matador Resources from Hold to Buy, raising the price target from $60 to $67, believing that the current share price offers an attractive entry point for small-to-midcap leverage, reflecting confidence in the company's future growth.
- Asset Strength: Matador boasts a formidable position in the Delaware Basin with 212.5K net acres and approximately 1,600 gross locations, providing an impressive 12 years of inventory depth, which ranks among the highest for oily small-cap stocks and suggests the potential for a higher valuation multiple.
- Profit Growth Strategy: Management indicated during the Q1 earnings call that the company will remain patient with the potential to accelerate some TILs this year while continuing to adhere to its mantra of “profitable growth at a measured pace,” demonstrating a commitment to sustainable development.
- Cost Control: By leveraging electric and hybrid-electric fracturing fleets, increasing water recycling, and integrating operational AI, Matador maintains well cost guidance between $785 and $805 per foot, among the lowest in the Delaware Basin, further enhancing its competitive edge.
See More
Latest Wall Street Ratings Overview
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- Citi Raises Broadcom Target: Citi raises Broadcom's price target from $475 to $500, applying a 20x multiple to FY28 EPS of $25, reflecting optimism about the company's earnings visibility and maintaining its status as the #1 semiconductor pick for 2026.
- JPMorgan Upgrades Braskem: JPMorgan upgrades Braskem to Overweight from Neutral, citing improved market fundamentals, tighter supply, and strengthened governance post-restructuring, which are expected to enhance profit margins in the chemical sector.
- Evercore Initiates Benitec Coverage: Evercore initiates coverage of Benitec Biopharma with an Overweight rating, highlighting significant upside potential in the rare disease market, suggesting promising investment opportunities ahead.
See More
Matador Resources Q1 2026 Earnings Call Insights Highlighting Strategic Growth and Operational Efficiency
- Financial Discipline: Matador Resources reported capital spending of $428 million in Q1 2026, aligning with expectations, which demonstrates the company's commitment to financial discipline amid a volatile market, focusing on reducing debt while increasing production capacity.
- Inventory Advantage: The company boasts 10 to 15 years of inventory with returns exceeding 50%, providing Matador with greater growth flexibility compared to peers, enabling it to capitalize on opportunities during market fluctuations.
- Midstream Integration Strategy: CEO Foran highlighted that the Hugh Brinson project will help the company move away from negative Waha pricing towards the Henry Hub market, thereby enhancing price realization and improving overall economic efficiency.
- Operational Efficiency Gains: CFO Calvert noted that the drilling and completions cost target for Q1 2026 is set at $785 to $805 per lateral foot, a 6% decrease from 2025, achieved through water recycling and multi-well completions, resulting in a 13% improvement in cycle time.
See More
Matador (MTDR) Q1 2026 Earnings Call Transcript
See More
Matador Resources Announces Executive Promotions
- Executive Appointments: Matador Resources has promoted Christopher P. Calvert to Executive Vice President and Chief Financial Officer, and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, effective April 21, 2026, aimed at enhancing the company's execution and efficiency.
- Succession Details: Calvert succeeds Robert T. Macalik as CFO, with Macalik's departure not linked to any financial, accounting, or operational disagreements, indicating stability during the executive transition.
- Experience Background: Both new executives bring over a decade of leadership experience within the company and approximately 20 years of industry experience, providing a solid foundation for the company's long-term value creation.
- Strategic Objectives: The executive changes are designed to support execution, efficiency, and long-term value creation, reflecting Matador Resources' commitment to future growth and strategic planning.
See More
Matador Resources Announces Executive Promotions
- Executive Promotions: Matador Resources Company has announced the promotions of Christopher P. Calvert to Executive Vice President and Chief Financial Officer and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, aimed at further strengthening the company's execution and long-term value creation.
- Experienced Leadership Team: Both Calvert and Stetson have over ten years at Matador and approximately 20 years of industry experience, ensuring stability and efficiency in the company's future operations.
- Financial Leadership Transition: Calvert will succeed Robert T. Macalik as Chief Financial Officer, with Macalik's departure unrelated to any financial or accounting issues, ensuring a smooth transition in management.
- Strategic Development Focus: Founder and CEO Joseph Wm. Foran stated that the promotions of Calvert and Stetson will aid in the continued growth of the company in oil and gas resource development and midstream operations, further enhancing Matador's market position in Texas and New Mexico.
See More
Truist Upgrades Matador Resources to Buy with $67 Price Target
- Rating Upgrade: Truist upgraded Matador Resources from Hold to Buy, raising the price target from $60 to $67, believing that the current share price offers an attractive entry point for small-to-midcap leverage, reflecting confidence in the company's future growth.
- Asset Strength: Matador boasts a formidable position in the Delaware Basin with 212.5K net acres and approximately 1,600 gross locations, providing an impressive 12 years of inventory depth, which ranks among the highest for oily small-cap stocks and suggests the potential for a higher valuation multiple.
- Profit Growth Strategy: Management indicated during the Q1 earnings call that the company will remain patient with the potential to accelerate some TILs this year while continuing to adhere to its mantra of “profitable growth at a measured pace,” demonstrating a commitment to sustainable development.
- Cost Control: By leveraging electric and hybrid-electric fracturing fleets, increasing water recycling, and integrating operational AI, Matador maintains well cost guidance between $785 and $805 per foot, among the lowest in the Delaware Basin, further enhancing its competitive edge.
See More
Latest Wall Street Ratings Overview
- Goldman Sachs Bullish on Aevex: Goldman Sachs initiates coverage of Aevex (AVEX) with a Buy rating and a $34 price target, based on a 5.4X CY27 EV/Sales, indicating confidence in the company's unique position in the drone market and its growth potential.
- Citi Raises Broadcom Target: Citi raises Broadcom's price target from $475 to $500, applying a 20x multiple to FY28 EPS of $25, reflecting optimism about the company's earnings visibility and maintaining its status as the #1 semiconductor pick for 2026.
- JPMorgan Upgrades Braskem: JPMorgan upgrades Braskem to Overweight from Neutral, citing improved market fundamentals, tighter supply, and strengthened governance post-restructuring, which are expected to enhance profit margins in the chemical sector.
- Evercore Initiates Benitec Coverage: Evercore initiates coverage of Benitec Biopharma with an Overweight rating, highlighting significant upside potential in the rare disease market, suggesting promising investment opportunities ahead.
See More
Matador Resources Q1 2026 Earnings Call Insights Highlighting Strategic Growth and Operational Efficiency
- Financial Discipline: Matador Resources reported capital spending of $428 million in Q1 2026, aligning with expectations, which demonstrates the company's commitment to financial discipline amid a volatile market, focusing on reducing debt while increasing production capacity.
- Inventory Advantage: The company boasts 10 to 15 years of inventory with returns exceeding 50%, providing Matador with greater growth flexibility compared to peers, enabling it to capitalize on opportunities during market fluctuations.
- Midstream Integration Strategy: CEO Foran highlighted that the Hugh Brinson project will help the company move away from negative Waha pricing towards the Henry Hub market, thereby enhancing price realization and improving overall economic efficiency.
- Operational Efficiency Gains: CFO Calvert noted that the drilling and completions cost target for Q1 2026 is set at $785 to $805 per lateral foot, a 6% decrease from 2025, achieved through water recycling and multi-well completions, resulting in a 13% improvement in cycle time.
See More
Matador (MTDR) Q1 2026 Earnings Call Transcript
See More
Matador Resources Announces Executive Promotions
- Executive Appointments: Matador Resources has promoted Christopher P. Calvert to Executive Vice President and Chief Financial Officer, and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, effective April 21, 2026, aimed at enhancing the company's execution and efficiency.
- Succession Details: Calvert succeeds Robert T. Macalik as CFO, with Macalik's departure not linked to any financial, accounting, or operational disagreements, indicating stability during the executive transition.
- Experience Background: Both new executives bring over a decade of leadership experience within the company and approximately 20 years of industry experience, providing a solid foundation for the company's long-term value creation.
- Strategic Objectives: The executive changes are designed to support execution, efficiency, and long-term value creation, reflecting Matador Resources' commitment to future growth and strategic planning.
See More
Matador Resources Announces Executive Promotions
- Executive Promotions: Matador Resources Company has announced the promotions of Christopher P. Calvert to Executive Vice President and Chief Financial Officer and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, aimed at further strengthening the company's execution and long-term value creation.
- Experienced Leadership Team: Both Calvert and Stetson have over ten years at Matador and approximately 20 years of industry experience, ensuring stability and efficiency in the company's future operations.
- Financial Leadership Transition: Calvert will succeed Robert T. Macalik as Chief Financial Officer, with Macalik's departure unrelated to any financial or accounting issues, ensuring a smooth transition in management.
- Strategic Development Focus: Founder and CEO Joseph Wm. Foran stated that the promotions of Calvert and Stetson will aid in the continued growth of the company in oil and gas resource development and midstream operations, further enhancing Matador's market position in Texas and New Mexico.
See More
