Matador Resources Company (MTDR)
| Market Cap | 6.62B |
| Revenue (ttm) | 3.10B |
| Net Income (ttm) | 925.33M |
| Shares Out | 124.77M |
| EPS (ttm) | 7.55 |
| PE Ratio | 7.03 |
| Forward PE | 6.80 |
| Dividend | $1.00 (1.88%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 1,228,821 |
| Open | 52.22 |
| Previous Close | 52.59 |
| Day's Range | 52.01 - 53.60 |
| 52-Week Range | 47.15 - 71.08 |
| Beta | 3.25 |
| Analysts | Strong Buy |
| Price Target | 74.69 (+40.74%) |
| Earnings Date | Feb 18, 2025 |
About MTDR
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the com... [Read more]
Financial Performance
In 2023, Matador Resources Company's revenue was $2.62 billion, a decrease of -11.98% compared to the previous year's $2.97 billion. Earnings were $846.07 million, a decrease of -30.32%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MTDR stock is "Strong Buy." The 12-month stock price forecast is $74.69, which is an increase of 40.74% from the latest price.
News
Matador Resources Company Successfully Closes Contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the successful closing of its previously announced agreement whereby Matador contributed Pronto Midstream, L...
Matador Resources Company Announces Contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has executed a definitive agreement whereby Matador would contribute Pronto Midstream, LLC (“Pronto”...
Matador Resources Company Increases Borrowing Base Under Matador Credit Facility and Lender Commitments Under San Mateo Credit Facility
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its lenders increased the borrowing base under the Company's credit agreement by 30% f...
Matador Resources Company Receives Approximately $113 Million From Sale of Piñon Midstream, LLC
DALLAS--(BUSINESS WIRE)--Yesterday, on October 28, 2024, Enterprise Products Partners L.P. (“Enterprise”) announced that it had completed its acquisition of Piñon Midstream, LLC (“Piñon”). Matador Res...
Matador Resources Expects Over 200,000 BOEPD In 2025 Production
Matador expects to produce over 200,000 BOEPD in 2025. This is driven by solid operational performance plus its Ameredev acquisition. MTDR is projected to generate over $7 per share in 2025 free cash ...
Matador Resources Company (MTDR) Q3 2024 Earnings Call Transcript
Matador Resources Company (NYSE:MTDR) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Mac Schmitz - VP, IR Joseph Foran - Chairman, CEO and Secretary Brian Willey -...
Matador Resources Company Increases Quarterly Cash Dividend to $0.25 Per Share
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its Board of Directors revised and amended the Company's dividend policy. Pursuant to ...
Matador Resources Company Announces Date of Third Quarter 2024 Earnings Release
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2024 operational and financial results after the close of tr...
Matador Resources Company Closes Senior Notes Offering and Provides Operational Update
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the closing of its previously announced senior notes offering and provided an operational u...
Matador Resources Company: Acquisition Of Upstream Assets Set To Grow Valuation Into 2025
Matador Resources' acquisition of Ameredev II for $1.832 billion will significantly boost its enterprise value by nearly $2 billion, enhancing its Delaware Basin portfolio. The deal is strategically a...
Matador Resources Company Priced Offering of $750 Million of Senior Notes Due 2033
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) previously announced Friday, September 20 that it priced a private offering of $750 million of 6.250% senio...
Matador Resources Company Prices Offering of $750 Million of Senior Notes Due 2033
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that it has priced a private offering of $750 million of 6.250% senior unsecured notes due ...
Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2033
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured no...
Matador Resources Company Closes Ameredev Acquisition
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Am...
Matador Resources Co (MTDR) Q2 2024 Earnings Call Transcript
Matador Resources Co (NYSE:MTDR) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants Mac Schmitz - VP, IR Joseph Foran - Chairman, CEO & Secretary Brian Willey - CFO, EVP ...
Matador Resources Company Reports Record Second Quarter 2024 Results and Increases Full-Year 2024 Production Guidance
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported record financial and operating results for the second quarter of 2024. A short slide present...
Matador Resources Company Declares Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on...
Matador Resources Company Announces Date of Second Quarter 2024 Earnings Release
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release second quarter 2024 operational and financial results after the close of t...
Matador Resources: Batter Up!
Matador Resources made a significant acquisition of Ameredev, boosting their position in the Delaware basin. The deal was financed with $1.905 billion in cash, indicating potential strategic reasons f...
Matador Resources in $1.91 bln deal to expand in Delaware basin
U.S. oil and gas producer Matador Resources said on Wednesday it would buy a unit of Ameredev II Parent, including certain oil and natural gas producing assets and undeveloped acreage in the Delaware ...
Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquir...
Matador Resources Company Announces 2024 Annual Meeting and Webcast Details
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) will hold its 2024 Annual Meeting of Shareholders on Thursday, June 13, 2024 at 9:30 a.m. Central Time. The...
Matador Resources: Growth In Production While Maintaining A Solid Balance Sheet
Matador is projected to generate a bit over $700 million in 2024 free cash flow at current strip prices. It has been growing production through a combination of acquisitions and development. MTDR's ba...