Matador Resources Q2 profit beat estimates, raises 2026 production outlook
MTDR•Analyst context and valuation
The current average analyst rating on Matador Resources shares is buy, with 17 strong buy or buy, 4 hold and no sell or strong sell ratings.
The average consensus recommendation for the oil and gas exploration and production peer group is buy. Wall Street's median 12-month price target for Matador Resources Company is $69.00, about 41.4% above its August 4 closing price of $48.80.
The stock recently traded at 6 times next-12-month earnings, versus a P/E of 9 three months ago.
Quarterly results beat estimates
Matador Resources said its second-quarter adjusted EPS and net income beat analyst expectations.
The U.S. oil and gas producer reported adjusted EPS of $2.61, compared with the consensus estimate of $2.09 from 17 analysts. Adjusted net income was $324.60 million, above the consensus estimate of $253.70 million from 15 analysts. Adjusted free cash flow was $303.20 million.
