Matador ResourcesMTDR
Market Cap: $6.32B
About: Matador Resources Co is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company's assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business.
Employees: 395
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
204% more call options, than puts
Call options by funds: $241M | Put options by funds: $79.3M
43% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 56
31% more repeat investments, than reductions
Existing positions increased: 189 | Existing positions reduced: 144
5% more funds holding
Funds holding: 444 [Q1] → 468 (+24) [Q2]
6.23% less ownership
Funds ownership: 95.92% [Q1] → 89.69% (-6.23%) [Q2]
13% less capital invested
Capital invested by funds: $7.65B [Q1] → $6.67B (-$979M) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 9 (-3) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Wells Fargo Hanwen Chang 10% 1-year accuracy 1 / 10 met price target | 76%upside $89 | Overweight Maintained | 29 Jul 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 48%upside $75 | Outperform Reiterated | 25 Jul 2024 |
Stephens & Co. Mike Scialla 24% 1-year accuracy 5 / 21 met price target | 60%upside $81 | Overweight Maintained | 24 Jul 2024 |
Benchmark Subash Chandra 26% 1-year accuracy 11 / 42 met price target | 22%upside $62 | Buy Reiterated | 24 Jul 2024 |
TD Cowen Gabe Daoud 0% 1-year accuracy 0 / 5 met price target | 72%upside $87 | Buy Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 4 articles about MTDR published over the past 30 days