Latest news with #MatadorResourcesCompany
Yahoo
21-05-2025
- Business
- Yahoo
BofA Launches Matador Resources (MTDR) with a Buy Rating
The stock of Matador Resources Company (NYSE:MTDR) was recently launched by BofA with a Buy rating. Let's shed some light on the development. A pipeline snaking its way through the hills and valleys of the Delaware Basin. Matador Resources Company (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States, with a particular emphasis on shale plays and other unconventional plays. On May 19, 2025, BofA initiated coverage of Matador Resources Company (NYSE:MTDR) with a Buy rating, accompanied by a price target of $56. The analyst highlighted various reasons behind the positive outlook, including developing its low breakeven E&P assets in the $37-$43 WTI range, stock buybacks, expanding its midstream footprint, and inorganic growth. BofA's Noah Hungness claims that Matador Resources Company (NYSE:MTDR) is 'agile when it needs to be' and its strong execution is reflected in its impressive 21.7% revenue growth over the last twelve months. Moreover, the company has recently stated that it will drop from nine rigs to eight by mid-year as a result of the plunging oil prices and bleak demand outlook. The move will save it around $100 million in capital expenditure and help to generate an additional $71 million of free cash flow with the WTI crude price at $60 per barrel. Matador Resources Company (NYSE:MTDR) reported strong results for its Q1 2025 last month, posting an adjusted EPS of $0.99 and beating estimates by $0.21. The company's revenue also grew by more than 28% YoY to around $1 billion, topping expectations by $57.4 million. While we acknowledge the potential of MTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MTDR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
20-05-2025
- Business
- Yahoo
BofA Initiates Coverage of Matador (MTDR) With a Buy Rating, Sets $56 Price Target
On Monday, BofA analyst Noah Hungness initiated coverage of Matador Resources Company (NYSE:MTDR) with a Buy rating and a price target of $56. BofA highlighted Matador's diverse growth avenues that distinguish it from competitors, such as the development of low breakeven exploration and production assets, share repurchases, expansion of its midstream footprint, and pursuit of inorganic growth opportunities. A pipeline snaking its way through the hills and valleys of the Delaware Basin. Matador Resources Company (NYSE:MTDR) anticipates ~30% production growth for FQ1 2025 year-over-year, with similar growth expected for FQ2 and FQ3. This partly comes from the successful integration of high-quality Ameredev properties. Matador estimates cost savings of $30 million to $50 million through batch drilling and has expressed confidence in its ability to raise its dividend due to asset growth. Matador Resources Company (NYSE:MTDR) is an independent energy company that acquires, explores, develops, and produces oil & natural gas resources in the US. It operates through two segments: Exploration & Production and Midstream. While we acknowledge the potential of MTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MTDR and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
20-05-2025
- Business
- Yahoo
Matador Resources Company Announces 2025 Annual Meeting and Webcast Details
DALLAS, May 20, 2025--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) ("Matador" or the "Company") will hold its 2025 Annual Meeting of Shareholders on Thursday, June 12, 2025, at 9:30 a.m. Central Time. The Annual Meeting will be held in the Fort Worth Ballroom at The Westin Galleria Dallas hotel, located at 13340 Dallas Parkway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before and after the formal meeting. The Annual Meeting will be webcast live. To access the live webcast, you can use the following link or visit the Events and Presentations page located under the Investor Relations tab on Matador's website at About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at View source version on Contacts Mac SchmitzSenior Vice President – Investor Relationsinvestors@ (972) 371-5225
Business Wire
20-05-2025
- Business
- Business Wire
Matador Resources Company Announces 2025 Annual Meeting and Webcast Details
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) ('Matador' or the 'Company') will hold its 2025 Annual Meeting of Shareholders on Thursday, June 12, 2025, at 9:30 a.m. Central Time. The Annual Meeting will be held in the Fort Worth Ballroom at The Westin Galleria Dallas hotel, located at 13340 Dallas Parkway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before and after the formal meeting. The Annual Meeting will be webcast live. To access the live webcast, you can use the following link or visit the Events and Presentations page located under the Investor Relations tab on Matador's website at About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at
Yahoo
20-05-2025
- Business
- Yahoo
BofA Launches Matador Resources (MTDR) with a Buy Rating
The stock of Matador Resources Company (NYSE:MTDR) was recently launched by BofA with a Buy rating. Let's shed some light on the development. A pipeline snaking its way through the hills and valleys of the Delaware Basin. Matador Resources Company (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States, with a particular emphasis on shale plays and other unconventional plays. On May 19, 2025, BofA initiated coverage of Matador Resources Company (NYSE:MTDR) with a Buy rating, accompanied by a price target of $56. The analyst highlighted various reasons behind the positive outlook, including developing its low breakeven E&P assets in the $37-$43 WTI range, stock buybacks, expanding its midstream footprint, and inorganic growth. BofA's Noah Hungness claims that Matador Resources Company (NYSE:MTDR) is 'agile when it needs to be' and its strong execution is reflected in its impressive 21.7% revenue growth over the last twelve months. Moreover, the company has recently stated that it will drop from nine rigs to eight by mid-year as a result of the plunging oil prices and bleak demand outlook. The move will save it around $100 million in capital expenditure and help to generate an additional $71 million of free cash flow with the WTI crude price at $60 per barrel. Matador Resources Company (NYSE:MTDR) reported strong results for its Q1 2025 last month, posting an adjusted EPS of $0.99 and beating estimates by $0.21. The company's revenue also grew by more than 28% YoY to around $1 billion, topping expectations by $57.4 million. While we acknowledge the potential of MTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MTDR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
