Matador price target raised to $72 from $65 at BMO Capital

BMO Capital raised the firm’s price target on Matador (MTDR) to $72 from $65 and keeps an Outperform rating on the shares. Despite oil price strength, the firm expects Matador to maintain its 2026 plan as it’s already a relative grower of oil, the analyst tells investors in a research note. BMO adds it is positive on the company’s differentiated Delaware asset quality, Matador’s management team having significant insider ownership, and San Mateo providing an edge in midstream and potential value uplift.