Matador price target raised to $62 from $60 at RBC Capital

RBC Capital raised the firm’s price target on Matador (MTDR) to $62 from $60 and keeps an Outperform rating on the shares. The firm expects another strong Q3 result, with only WAHA gas prices weighing, and the company’s management remains committed to a relative growth strategy that prioritizes free cash flow, the analyst tells investors in a research note. Given the current commodity futures price levels, a slight uptick in activity is likely entering 2026, the firm added.