Matador price target raised to $79 from $76 at Raymond James

Raymond James raised the firm’s price target on Matador (MTDR) to $79 from $76 and keeps an Outperform rating on the shares. Matador reported slightly higher-than-expected Q1 production and oil volumes driven by accelerated workovers, with results and capex broadly in line with guidance, while ongoing weakness in Waha gas pricing continues to pressure near-term realizations ahead of expected improvement in late 2026 from new pipeline-related marketing agreements, the analyst tells investors in a research note.