Matador ResourcesMTDR
Market Cap: 7.67B
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 Q1 SEC filings by fund managers ($100M+ AUM)
134% more call options, than puts
Call options by funds: $165M | Put options by funds: $70.5M
33% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 57
21% more capital invested
Capital invested by funds: $6.25B [Q4 2023] → $7.58B (+$1.33B) [Q1 2024]
9% more funds holding in top 10
Funds holding in top 10: 11 [Q4 2023] → 12 (+1) [Q1 2024]
5% more funds holding
Funds holding: 422 [Q4 2023] → 441 (+19) [Q1 2024]
2.73% more ownership
Funds ownership: 92.27% [Q4 2023] → 95.0% (+2.73%) [Q1 2024]
4% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 151
Research analyst outlook
24 Wall Street Analysts provided 1 year price forecasts over the past 6 months
24 analyst ratings
RBC Capital Scott Hanold | 22%upside $75 | Outperform Reiterated | 25 Jul 2024 |
Stephens & Co. Mike Scialla | 32%upside $81 | Overweight Maintained | 24 Jul 2024 |
Benchmark Subash Chandra | 1%upside $62 | Buy Reiterated | 24 Jul 2024 |
TD Cowen Gabe Daoud | 42%upside $87 | Buy Maintained | 24 Jul 2024 |
Truist Securities Neal Dingmann | 40%upside $86 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 17 articles about MTDR published over the past 30 days