Matador Resources (MTDR) Stock Forecast & Price Target

$50.29

+0.45 (+0.90%)

(As of 02:38 PM ET)

Matador Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Matador Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 1 has given a hold rating, and 12 have given a buy rating for MTDR.

Consensus Price Target

$77.17
53.44% Upside

High Forecast	$89.00
Average Forecast	$77.17
Low Forecast	$62.00

According to the 13 analysts' twelve-month price targets for Matador Resources, the average price target is $77.17. The highest price target for MTDR is $89.00, while the lowest price target for MTDR is $62.00. The average price target represents a forecasted upside of 53.44% from the current price of $50.29.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$77.17	$78.17	$75.40	$71.89
Forecasted Upside	53.44% Upside	25.25% Upside	19.63% Upside	28.57% Upside

Ad Capital Trends

More Than 30 Federal Agencies Buy From This Cybersecurity Tech

In January of 2022 Ukraine was hit by an especially nasty piece of malware, named WhisperGate. By then Ukraine was used to cyberattacks. But the WhisperGate attack just before Russia's full-scale invasion was different. It was larger... and it was aimed at dismantling Ukraine's critical infrastructure. The company's unique expertise and scalable approach allowed them to nearly double revenues between 2021-2023, and they've added another $20 million in new sales orders this year alone. There is no denying - the opportunity here is massive.

Click here to learn how a small company is joining the ranks of Lockheed Martin and Raytheon

MTDR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MTDR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Matador Resources Stock vs. The Competition

Type	Matador Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.92	2.60	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	56.67% Upside	202.70% Upside	8.62% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Mizuho 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$85.00 ➝ $74.00	+47.06%
9/12/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$83.00 ➝ $76.00	+52.00%
7/29/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$88.00 ➝ $89.00	+44.86%
7/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$75.00 ➝ $75.00	+21.08%
7/25/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$80.00 ➝ $84.00	+36.19%
7/24/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Scialla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$83.00 ➝ $81.00	+30.71%
Weird phenomenon on AMZN stock (Ad) What would you do if you knew that you could have bought Amazon on May 25th every year and walked away with a win? Click here to see the 10 best trades upcoming in 2024 for FREE
7/24/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$62.00 ➝ $62.00	-0.85%
7/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $87.00	+40.23%
7/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$91.00 ➝ $86.00	+36.33%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Abbott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
4/22/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$71.00 ➝ $76.00	+17.63%
3/25/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$66.00	-4.00%
1/8/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$76.00 ➝ $70.00	+28.58%
2/17/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
1/25/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$67.00 ➝ $78.00	+22.93%
9/21/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$68.00	+22.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:09 PM ET.

MTDR Forecast - Frequently Asked Questions

What is Matador Resources' forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Matador Resources is $77.17, with a high forecast of $89.00 and a low forecast of $62.00.
Should I buy or sell Matador Resources stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matador Resources in the last year. There is currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MTDR shares.
Does Matador Resources's stock price have much upside?: According to analysts, Matador Resources's stock has a predicted upside of 28.11% based on their 12-month stock forecasts.
Has Matador Resources been upgraded by Wall Street analysts recently?: Over the previous 90 days, Matador Resources's stock had 1 upgrade by analysts.
What analysts cover Matador Resources?: Matador Resources has been rated by research analysts at Benchmark, Capital One Financial, JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, Stephens, TD Cowen, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Matador Resources more than its competitors?: Analysts like Matador Resources more than other "oils/energy" companies. The consensus rating score for Matador Resources is 2.92 while the average consensus rating score for "oils/energy" companies is 2.60. Learn more on how MTDR compares to other companies.