Gabriele Sorbara, an analyst from Siebert Williams Shank & Co, maintained the Buy rating on Matador Resources (MTDR – Research Report). The associated price target was lowered to $56.00.
Gabriele Sorbara has given his Buy rating due to a combination of factors including Matador Resources’ efficient 2025 program and the recent $400 million buyback authorization. Despite the mixed results in the first quarter of 2025 and the disappointing guidance for the second quarter, the company’s strategic reduction in drilling and completion activities is seen as a prudent step in response to the volatile macroeconomic environment. This reduction in activity, coupled with a decrease in capital expenditure guidance, demonstrates the company’s adaptability and focus on efficiency.
Furthermore, Sorbara highlights Matador Resources’ strong track record of execution, high-quality assets, and robust balance sheet with low leverage as key reasons for the Buy rating. The company’s midstream optionality, valued at approximately $1.4 billion, and the attractive risk/reward profile at current market prices further justify a premium valuation. These elements combined suggest a positive outlook for Matador Resources, making it a compelling investment opportunity.
In another report released on April 21, KeyBanc also maintained a Buy rating on the stock with a $60.00 price target.