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 in 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. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations; provides natural gas processing and oil transportation services; and offers oil, natural gas, and salt water gathering services, as well as salt water disposal services to third parties. As of December 31, 2020, its estimated total proved oil and natural gas reserves were 270.3 million barrels of oil equivalent, including 159.9 million stock tank barrels of oil and 662.3 billion cubic feet of natural gas. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.
IPO Year: 2012
Exchange: NYSE
Website: matadorresources.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/25/2024 | $80.00 → $84.00 | Equal Weight → Overweight | CapitalOne |
7/18/2024 | Peer Perform | Wolfe Research | |
6/21/2024 | $83.00 | Overweight | Stephens |
11/15/2023 | $73.00 | Overweight | Wells Fargo |
8/16/2023 | $66.00 → $78.00 | Neutral → Buy | Mizuho |
1/10/2023 | $70.00 | Neutral | Mizuho |
9/21/2022 | $68.00 | Buy | MKM Partners |
9/20/2022 | $72.00 | Overweight | KeyBanc Capital Markets |
3/4/2022 | $60.00 → $70.00 | Outperform | Raymond James |
2/23/2022 | $53.00 → $57.00 | Outperform | RBC Capital |
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Stephens & Co. analyst Mike Scialla maintains Matador Resources (NYSE:MTDR) with a Overweight and lowers the price target from $83 to $81.
Benchmark analyst Subash Chandra reiterates Matador Resources (NYSE:MTDR) with a Buy and maintains $62 price target.
TD Cowen analyst Gabe Daoud maintains Matador Resources (NYSE:MTDR) with a Buy and raises the price target from $85 to $87.
Full-Year 2024 Guidance UpdateEffective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production as set forth in the table below. This increased production guidance does not yet include any expected production from Matador's anticipated acquisition of a subsidiary of Ameredev II Parent, LLC ("Ameredev"). The Ameredev acquisition is expected to close late in the third quarter of 2024, subject to customary closing conditions, including regulatory approval.ProductionPrior Full-Year 2024Guidance RangeNew Full-Year 2024Guidance Range(1)Difference(2)Total, BOE per day153,000 to 159,000158,500 t
Matador Resources (NYSE:MTDR) reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $1.76 by 16.48 percent. This is a 44.37 percent increase over earnings of $1.42 per share from the same period last year. The company reported quarterly sales of $847.14 million which beat the analyst consensus estimate of $826.41 million by 2.51 percent. This is a 32.76 percent increase over sales of $638.08 million the same period last year.
Truist Securities analyst Neal Dingmann maintains Matador Resources (NYSE:MTDR) with a Buy and lowers the price target from $91 to $86.
Matador Resources (NYSE:MTDR) has outperformed the market over the past 5 years by 16.27% on an annualized basis producing an average annual return of 29.26%. Currently, Matador Resources has a market capitalization of $8.11 billion. Buying $1000 In MTDR: If an investor had bought $1000 of MTDR stock 5 years ago, it would be worth $3,709.64 today based on a price of $65.03 for MTDR at the time of writing. Matador Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automat
Wolfe Research analyst Doug Leggate reinstates Matador Resources (NYSE:MTDR) with a Peer Perform.
Matador Resources (NYSE:MTDR) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 2 0 0 0 0 3M Ago 4 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Matador Resources, presenting an average target of $81.44, a high estimate of $91.00
Wells Fargo analyst Hanwen Chang maintains Matador Resources (NYSE:MTDR) with a Overweight and raises the price target from $85 to $88.
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Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported record financial and operating results for the second quarter of 2024. A short slide presentation summarizing the highlights of Matador's second quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Full-Year 2024 Guidance Update Effective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production as set forth in the table below. This increased production guidance does not yet include any e
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on September 5, 2024 to shareholders of record as of August 15, 2024. About Matador Resources Company Matador is an independent energy company 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. Its current operations are 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
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced plans to release second quarter 2024 operational and financial results after the close of trading on Tuesday, July 23, 2024. Management will also host a live conference call on Wednesday, July 24, 2024 at 10:00 a.m. Central Time to review second quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BI99e8d92f0e8649da9231bc26e8812ede and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the schedul
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC ("Ameredev"), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the "Ameredev Acquisition"). The Ameredev Acquisition also includes an approximate 19% stake in Piñon Midstream, LLC ("Piñon"), which has midstream assets in southern Lea County, New Mexico. The consideration for the Ameredev Acquisition will consist of a cash payment of $1.905 billion, subject to customary clo
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") will hold its 2024 Annual Meeting of Shareholders on Thursday, June 13, 2024 at 9:30 a.m. Central Time. The Annual Meeting will be held in the Imperial Ballroom at the Hilton Anatole hotel, located at 2201 North Stemmons Freeway, Dallas, Texas 75207. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before and after the formal meeting. The Annual Meeting will be webcast live. To access the live webcast, you can use the following link https://onlinexperiences.com/Launch/QReg/ShowUUID=F30D3F
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported financial and operating results for the first quarter of 2024. A short slide presentation summarizing the highlights of Matador's first quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Full-Year 2024 Guidance Update Effective April 23, 2024, Matador anticipates achieving the high end of its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production. For highlights of Matador's first quarter 2024 operational and financial
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on June 7, 2024 to shareholders of record as of May 17, 2024. About Matador Resources Company Matador is an independent energy company 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. Its current operations are 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. Matado
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced plans to release first quarter 2024 operational and financial results after the close of trading on Tuesday, April 23, 2024. Management will also host a live conference call on Wednesday, April 24, 2024 at 10:00 a.m. Central Time to review first quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BI7bfe41fe32ef489da07e10206cdcee3c and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the schedul
Matador Resources Company (NYSE:MTDR) ("Matador") today announced the expiration and results of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% Senior Notes due 2026 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on April 1, 2024 (the "Expiration Time"). As of the Expiration Time, an aggregate principal amount of $556,325,000, or approximately 80%, of the Notes were validly tendered and not validly withdrawn, which amount excludes $7,686,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures d
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that it has priced a private offering of $900 million of 6.500% senior unsecured notes due 2032 (the "New Notes") at a price of 100% of their face value. Matador increased the size of the offering to $900 million from the previously announced $800 million. The offering is expected to close on April 2, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the "2026 Notes") through a cash tender offer (the "Tender Offer"), and to pay re
Matador Resources Company (NYSE:MTDR) ("Matador") today announced the appointment of Ms. Susan M. Ward to its Board of Directors (the "Board"). Ms. Ward is a former 12-year Senior Executive of Shell Oil Company ("Shell") with over 20 years of service at retirement in 2019. Her senior roles in Shell included Head, M&A and Commercial Finance for all of Shell's businesses in the Americas; Vice President, Chief Financial Officer and Board member of Shell Midstream Partners, which she helped take public for Shell in 2014; and Vice President, Upstream Commercial Finance, Shell International Exploration & Production B.V. while based in The Hague for Royal Dutch Shell. She also served as a Board me
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") announced today the promotions of Billy E. Goodwin to President - Operations and Van H. Singleton, II to President – Land, A&D and Planning, both effective March 31, 2022. Both Messrs. Goodwin and Singleton have over ten years of experience leading departments at Matador and have served on Matador's Executive Committee since 2017. After 17 years with Matador, Matthew V. Hairford is retiring as President as of March 31, 2022, when he will be 61 years old, and is transitioning to a new role as a Special Advisor to Matador's Board of Directors and Executive Committee. In addition, David E. Lancaster, 65, whose service to the Co
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Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported record financial and operating results for the second quarter of 2024. A short slide presentation summarizing the highlights of Matador's second quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Full-Year 2024 Guidance Update Effective July 23, 2024, Matador increased its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production as set forth in the table below. This increased production guidance does not yet include any e
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on September 5, 2024 to shareholders of record as of August 15, 2024. About Matador Resources Company Matador is an independent energy company 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. Its current operations are 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
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced plans to release second quarter 2024 operational and financial results after the close of trading on Tuesday, July 23, 2024. Management will also host a live conference call on Wednesday, July 24, 2024 at 10:00 a.m. Central Time to review second quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BI99e8d92f0e8649da9231bc26e8812ede and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the schedul
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC ("Ameredev"), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the "Ameredev Acquisition"). The Ameredev Acquisition also includes an approximate 19% stake in Piñon Midstream, LLC ("Piñon"), which has midstream assets in southern Lea County, New Mexico. The consideration for the Ameredev Acquisition will consist of a cash payment of $1.905 billion, subject to customary clo
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today reported financial and operating results for the first quarter of 2024. A short slide presentation summarizing the highlights of Matador's first quarter 2024 earnings release is also included on the Company's website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. Full-Year 2024 Guidance Update Effective April 23, 2024, Matador anticipates achieving the high end of its full-year 2024 guidance range for total oil and natural gas equivalent production, oil production and natural gas production. For highlights of Matador's first quarter 2024 operational and financial
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on June 7, 2024 to shareholders of record as of May 17, 2024. About Matador Resources Company Matador is an independent energy company 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. Its current operations are 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. Matado
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced plans to release first quarter 2024 operational and financial results after the close of trading on Tuesday, April 23, 2024. Management will also host a live conference call on Wednesday, April 24, 2024 at 10:00 a.m. Central Time to review first quarter 2024 financial results and operational highlights. To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BI7bfe41fe32ef489da07e10206cdcee3c and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the schedul
Matador Resources Company (NYSE:MTDR) ("Matador") today announced the expiration and results of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% Senior Notes due 2026 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on April 1, 2024 (the "Expiration Time"). As of the Expiration Time, an aggregate principal amount of $556,325,000, or approximately 80%, of the Notes were validly tendered and not validly withdrawn, which amount excludes $7,686,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures d
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that it has priced a private offering of $900 million of 6.500% senior unsecured notes due 2032 (the "New Notes") at a price of 100% of their face value. Matador increased the size of the offering to $900 million from the previously announced $800 million. The offering is expected to close on April 2, 2024, subject to customary closing conditions. Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the "2026 Notes") through a cash tender offer (the "Tender Offer"), and to pay re
Matador Resources Company (NYSE:MTDR) ("Matador") today announced that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the "2026 Notes") with a portion of the net proceeds from Matador's concurrent private placement of $800 million in aggregate principal amount of senior unsecured notes due 2032 (the "New Notes"), which was also announced today by Matador. The Tender Offer is being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of March 26, 2024. The Tender Offer will expire at 5:00 p.m., New York Ci
CapitalOne upgraded Matador Resources from Equal Weight to Overweight and set a new price target of $84.00 from $80.00 previously
Wolfe Research initiated coverage of Matador Resources with a rating of Peer Perform
Stephens initiated coverage of Matador Resources with a rating of Overweight and set a new price target of $83.00
Wells Fargo initiated coverage of Matador Resources with a rating of Overweight and set a new price target of $73.00
Mizuho upgraded Matador Resources from Neutral to Buy and set a new price target of $78.00 from $66.00 previously
Mizuho initiated coverage of Matador Resources with a rating of Neutral and set a new price target of $70.00
MKM Partners resumed coverage of Matador Resources with a rating of Buy and set a new price target of $68.00
KeyBanc Capital Markets initiated coverage of Matador Resources with a rating of Overweight and set a new price target of $72.00
Raymond James reiterated coverage of Matador Resources with a rating of Outperform and set a new price target of $70.00 from $60.00 previously
RBC Capital reiterated coverage of Matador Resources with a rating of Outperform and set a new price target of $57.00 from $53.00 previously