Matador Resources (MTDR)
NYSE:MTDR
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Matador Resources
(NYSE:MTDR)
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Rating:62Neutral
Price Target:
$54.00
▼(-2.88% Downside)
Action:Reiterated
Date:06/17/26
The score reflects solid but moderating fundamentals (strong profitability and a sound balance sheet, offset by weak TTM free-cash-flow conversion) and notably bearish technicals (below key moving averages with negative momentum). These are partially offset by reasonable valuation (P/E ~13 and ~2.8% yield) and a constructive earnings-call backdrop focused on efficiency gains, disciplined spending, and midstream/takeaway improvements.
Positive Factors
Midstream strategic value (San Mateo)
Owning and operating San Mateo midstream infrastructure secures flow assurance and captures midstream revenue and cost synergies. Durable takeaway and water handling advantages reduce downtime, lower per-well operating costs and improve long-term netbacks versus peers reliant solely on third-party midstream services.
Negative Factors
Poor free-cash-flow conversion
Very low FCF conversion versus reported earnings signals that taxable profits are not translating into durable cash for debt reduction, dividends or buybacks. Over several quarters this constrains financial flexibility, limits shareholder returns and raises reliance on debt or asset sales to fund growth or cover capex.
Read all positive and negative factors
Positive Factors
Negative Factors
Midstream strategic value (San Mateo)
Owning and operating San Mateo midstream infrastructure secures flow assurance and captures midstream revenue and cost synergies. Durable takeaway and water handling advantages reduce downtime, lower per-well operating costs and improve long-term netbacks versus peers reliant solely on third-party midstream services.
Read all positive factors
Matador Resources (MTDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.15B
Dividend Yield3.14%
Average Volume (3M)1.76M
Price to Earnings (P/E)12.7
Beta (1Y)0.55
Revenue Growth-2.91%
EPS Growth-47.92%
CountryUS
Employees452
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)3.89
Shares Outstanding124,178,230
10 Day Avg. Volume1,621,420
30 Day Avg. Volume1,760,612
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)0.93
Price to Sales (P/S)1.45
P/FCF Ratio21.88
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue2.65
Enterprise Value/Gross Profit2.91
Enterprise Value/Ebitda4.61
Forecast
1Y Price Target
$71.85Price Target Upside29.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)7.78
Revenue Forecast (FY)$3.92B
Matador Resources Business Overview & Revenue Model
Company Description
Matador Resources Company operates as an independent energy firm, primarily engaged in the identification, development, extraction, and acquisition of crude oil and natural gas reserves throughout the United States. Its business operations are str...
How the Company Makes Money
Matador primarily makes money by producing and selling crude oil, natural gas, and natural gas liquids (NGLs) from its operated wells. Revenue is largely driven by: (1) volumes produced (oil, gas, and NGLs sold) and (2) realized commodity prices, ...
Matador Resources Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive tone: operational outperformance, meaningful efficiency gains (faster cycle times, D&C cost targets ~6% below prior year), strong midstream strategic value (San Mateo) and tangible cost savings (field gas ~$100k/well), plus a large multi-year inventory base with high expected returns. Key near-term risks noted include macro/price volatility, regional basis (negative Waha) exposure until takeaway catalysts fully mitigate it, and uncertainty around back-half capital cadence and Woodford well results. Overall, positives (production growth, efficiency gains, midstream value, water recycling, and disciplined capital allocation) materially outweigh the documented lowlights.Positive Updates
Production Growth and Strong Balance Sheet
Management reported production is up in Q1 and stated that debt has been reduced and the balance sheet is the strongest in company history; market capitalization mentioned around $8 billion, positioning the company to meet challenges and optionality for measured growth.
Negative Updates
Challenging Macro Environment and Price Volatility
Management described the current period as one of the more challenging in company history with volatile oil prices and a chaotic macro backdrop, which has led to a conservative, measured capital deployment posture rather than aggressive growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Production Growth and Strong Balance Sheet
Management reported production is up in Q1 and stated that debt has been reduced and the balance sheet is the strongest in company history; market capitalization mentioned around $8 billion, positioning the company to meet challenges and optionality for measured growth.
Read all positive updates
Company Guidance
Management reiterated measured, profitable growth with tight capital discipline and provided several specific metrics: full‑year CapEx cadence unchanged with 55–60% of the budget expected in H1 (about 50% of turns‑in‑line in H1, with Q3/Q4 down from Q2); D&C guidance of $785–$805 per lateral foot (≈6% below 2025) with a goal of sub‑$800; inventory of roughly 10–15 years with expected returns of 50%+ at various commodity prices; operational gains including ~13% faster average cycle times year‑over‑year, three‑mile laterals drilled in <16 days (≈40% faster vs. 2025), and 36+ MaxComm records set this quarter; water/midstream metrics of ~30% of Q1 water volumes from San Mateo, >70% of water recycled in 2026, a new recycling facility under construction, and a Hubrinson takeaway uplift of about $0.50/m; plus field‑gas use saving ~$100,000 per well and ~90% diesel reduction with electric fleets, and unbooked Woodford upside.Matador Resources Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.63B | 3.66B | 3.48B | 2.82B | 3.06B | 1.66B |
| Gross Profit | 3.31B | 1.60B | 1.54B | 1.33B | 1.88B | 891.54M |
| EBITDA | 2.09B | 2.45B | 2.42B | 1.93B | 2.23B | 1.14B |
| Net Income | 483.26M | 759.22M | 885.32M | 846.07M | 1.21B | 584.97M |
Balance Sheet | ||||||
| Total Assets | 12.17B | 11.87B | 10.85B | 7.73B | 5.55B | 4.26B |
| Cash, Cash Equivalents and Short-Term Investments | 92.47M | 79.48M | 23.03M | 52.66M | 505.18M | 48.13M |
| Total Debt | 3.47B | 3.55B | 2.11B | 2.27B | 1.23B | 1.56B |
| Total Liabilities | 6.26B | 5.88B | 5.39B | 3.60B | 2.24B | 2.13B |
| Stockholders Equity | 5.58B | 5.66B | 5.09B | 3.91B | 3.11B | 1.91B |
Cash Flow | ||||||
| Free Cash Flow | 59.41M | 241.64M | 280.04M | 318.02M | 894.75M | 319.88M |
| Operating Cash Flow | 2.17B | 2.43B | 2.25B | 1.87B | 1.98B | 1.05B |
| Investing Cash Flow | -2.10B | -2.16B | -3.67B | -3.21B | -1.04B | -729.26M |
| Financing Cash Flow | -48.77M | -282.60M | 1.41B | 902.33M | -480.85M | -328.55M |
Matador Resources Technical Analysis
Negative
55.60
Price Trends
57.06
Negative
55.15
Negative
48.75
Positive
Market Momentum
-1.80
Positive
34.20
Neutral
9.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTDR, the sentiment is Negative. The current price of 55.6 is above the 20-day moving average (MA) of 53.93, below the 50-day MA of 57.06, and above the 200-day MA of 48.75, indicating a neutral trend. The MACD of -1.80 indicates Positive momentum. The RSI at 34.20 is Neutral, neither overbought nor oversold. The STOCH value of 9.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTDR.
Matador Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $5.03B | 15.02 | 16.38% | 2.74% | -1.98% | -14.47% | |
71 Outperform | $11.68B | 7.63 | 25.11% | 3.80% | -17.38% | 54.99% | |
69 Neutral | $6.93B | ― | -0.83% | 5.73% | -0.99% | -107.05% | |
67 Neutral | $4.62B | 3.76 | 27.46% | ― | 38.39% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $6.15B | 12.66 | 8.74% | 3.14% | -2.91% | -47.92% | |
60 Neutral | $3.85B | 5.84 | 26.11% | ― | 44.84% | ― |
* Energy Sector Average
MTDR
Matador Resources
49.56
-0.27
-0.53%
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Matador Resources Corporate Events
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Matador Resources Expands Credit Facility and Confirms Strategy
Positive
Jun 16, 2026
On June 10, 2026, Matador Resources’ subsidiary MRC Energy amended its secured revolving credit facility, reaffirming a $3.25 billion borrowing base while raising elected borrowing commitments from $2.25 billion to $2.75 billion, enhancing i...
Business Operations and StrategyFinancial Disclosures
Matador Resources Raises 2026 Production Guidance, Boosts Cash Flow
Positive
May 6, 2026
On May 6, 2026, Matador Resources reported first-quarter 2026 production of 207,594 BOE per day, a 5% increase over the prior-year quarter and above guidance, while paying down more than $350 million on its reserve-based lending facility. Manageme...
Business Operations and StrategyExecutive/Board Changes
Matador Resources Promotes New CFO and COO Leadership
Positive
Apr 27, 2026
On April 27, 2026, Matador Resources Company announced that Christopher P. Calvert was promoted to Executive Vice President and Chief Financial Officer and Glenn W. Stetson to Executive Vice President and Chief Operating Officer, with both changes...
Business Operations and StrategyDividends
Matador Resources Declares Quarterly Dividend, Signals Disciplined Returns
Positive
Apr 22, 2026
On April 22, 2026, Matador Resources Company announced that its board declared a quarterly cash dividend of $0.375 per share on its common stock, payable on June 5, 2026, to shareholders of record as of May 8, 2026. The dividend is being paid unde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.