$MTDR

Seaport Global Initiate Matador Resources at Neutral

Matador Resources (MTDR) has an average rating of buy and mean price target of $69, according to analysts polled by FactSet.

Higher Oil Prices Lift US E&Ps, Fuel M&A Discussions, RBC Says

US oil producers are using higher crude prices to strengthen shareholder returns and debt plans as merger interest grows, RBC Capital Markets said in a Friday note.Oil prices reached a three-week high of $87 per barrel after President Donald Trump announced a "crushing economic operation" against Iran, RBC said.Despite higher prices, public US producers have shown little interest in sharply increasing output because structural demand growth remains limited.Instead, stronger oil prices have prompted producers to focus on debt repayment and shareholder returns, while some companies are also considering opportunistic hedging strategies.Trump also signaled potential support for reviving the Keystone XL pipeline, which could transport 830,000 barrels per day of heavy crude from Canada and the Bakken to Nebraska pipeline facilities before reaching Gulf Coast refineries.RBC said uncertainty remains over how Keystone XL would compete with rising Venezuelan crude volumes at US refineries as US producers prepare to sign supply contracts with Venezuela's state-owned oil company.Over the week, oil-weighted exploration and production companies gained 10%, while gas-weighted exploration and production companies rose 2%; large-cap and small- to mid-cap producers each advanced 7%, RBC saidThe SPDR S&P Oil & Gas Exploration & Production ETF rose 5%, while WTI gained 6% and Henry Hub natural gas increased 1% over the week, according to RBC.Merger discussions remained a key investor theme, with Exxon Mobil (XOM), Chevron (CVX), APA (APA), ConocoPhillips (COP), Diamondback Energy (FANG), Devon Energy (DVN) and EOG Resources (EOG) cited as potential buyers or targets.Antero Resources (AR), EQT (EQT), Ovintiv (OVV), Matador Resources (MTDR), Permian Resources (PR) and Infinity Natural Resources (INR) were also among the names investors identified in merger discussions, RBC said.Generalist investor interest in energy increased as WTI approached $90/bbl, while investors also raised questions about budgets and rising oilfield-services costs at higher crude prices, RBC said.Near-term catalysts include Devon Energy's plans to sell assets, Expand Energy's (EXE) new chief executive, and Tamboran Resources' (TBN) first gas sales.Price: $166.00, Change: $-0.15, Percent Change: -0.09%

Matador Resources Insider Bought Shares Worth $778,800, According to a Recent SEC Filing

Joseph Foran, Director, Chairman and Chief Executive Officer, on August 12, 2026, executed a purchase for 15,000 shares in Matador Resources (MTDR) for $778,800. Following the Form 4 filing with the SEC, Foran has control over a total of 5,479,275 shares of the company, with 30,617 shares held directly and 5,448,658 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1520006/000154065526000018/xslF345X05/wk-form4_1786707641.xml

UBS Adjusts Matador Resources Price Target to $56 From $54, Maintains Neutral Rating

Matador Resources (MTDR) has an average rating of buy and mean price target of $69.14, according to analysts polled by FactSet.

Matador Resources Q2 Production Increases, Lifts 2026 Production Outlook

Matador Resources Company (MTDR) reported Q2 earnings Wednesday, with average daily production increasing to 215,631 barrels of oil equivalent per day from 209,013 boe/d.Total average daily volumes were 3% above Matador's Q2 guidance range, which was between 206,000 boe/d and 212,000 boe/d.Average oil production rose to 126,106 barrels per day from 122,875 b/d a year earlier. Q2 2026 average daily oil output was 2% above the company's guidance.Average natural gas production increased to 537.1 million cubic feet per day for the quarter ended June 30, up from 516.8 MMcf/d a year earlier.Net production oil volumes stood at 11.476 million barrels for the quarter ended June 30, up from 11.182 million barrels for the same quarter last year.Net production volumes for natural gas rose to 48.9 billion cubic feet in Q2, up from 47 Bcf in the year-ago quarter.San Mateo's natural gas gathering throughput rose to 577 MMcf/d in Q2 from 491 MMcf/d a year earlier, while natural gas processing volumes rose to 552 MMcf/d from 486 MMcf/d.Oil gathering and transportation throughput declined to 41,600 b/d from 50,300 b/d a year earlier, while produced water handling volumes fell to 343,400 b/d from 414,400 b/d.Matador revised its full-year 2026 oil production guidance to 127,500 b/d to 129,000 b/d from 123,000 b/d to 125,000 b/d. Natural gas production guidance increased to 546 MMcf/d to 567 MMcf/d from 525 MMcf/d to 545 MMcf/d.The company also raised its full-year 2026 total production outlook to 218,500 boe/d to 223,500 boe/d from 210,500 boe/d to 216,000 boe/d.The company updated full-year drilling, completion and equipping capital expenditure guidance to $1.48 billion to $1.56 billion from $1.35 billion $1.44 billion.It also lifted midstream capital spending to $145 million to $165 million from $100 million to $110 million.Matador expects Q3 production of 222,000 boe/d to 226,000 boe/d, including 128,500 b/d to 130,500 b/d of oil and 561 MMcf/d to 573.0 MMcf/d of natural gas.The company plans to turn 30 to 33 net operated horizontal wells to sales during the quarter.The company said Q2 production exceeded expectations despite shutting in about 9,900 boe/d because of weak Waha pricing and third-party maintenance. It turned 23.7 net operated wells to sales, including 13 wells on the Guss pad during the quarter.Matador completed four strategic transactions during and after the quarter, including the acquisition of 5,154 net undeveloped acres in the Delaware Basin, Cardinal Midstream and agreements to acquire Paloma Permian and Ridge Runner Resources.The Paloma acquisition includes estimated Q3 production of about 11,100 boe/d, comprising 57% oil, and adds 55 million boe of reserves.Matador said its Rae's Creek Woodford well achieved test rates exceeding 2,200 boe/d, comprising 72% oil.

US Oil, Gas M&A Slumps in Q2 as Volatility Freezes Deals, Enverus Says

US upstream oil and gas mergers and acquisitions slowed in Q2, plunging 76% from the previous quarter to $9.1 billion amid commodity price volatility, though robust competition for premier acreage points to a rebound in H2 2026, Enverus strategists said on Wednesday.Enverus analysts said that Q2 deal value marked the third-lowest quarterly total since 2020 and a 33% decline from the same period a year ago. The prior quarter's figures had been inflated by Devon Energy's (DVN) mega-merger with Coterra Energy (CTRA), the analysts said.However, despite the headline drop, over 40% of the quarter's total deal value came from the Bureau of Land Management's record-setting New Mexico lease sale, which generated more than $4 billion and shattered the previous auction record of $972 million set in 2018."The quarter looks weak on the headline number, but that understates the strength of the underlying bid for inventory," said Andrew Dittmar, principal analyst at Enverus Intelligence Research.Dittmar said that crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated valuations.Enverus said that it views the slowdown as a temporary negotiation obstacle rather than a fundamental demand issue, noting that public companies remain willing to pay rising prices for tier-one Permian acreage.Public operators dominated the landscape during the quarter, leading bidding at the BLM lease sale, where Devon Energy and Matador Resources (MTDR) secured high-priced Permian positions.Furthermore, Diversified Energy (DEC) partnered with Carlyle to acquire the majority of Camino Natural Resources in the Anadarko Basin, while Talos Energy (TALO) continued its consolidation of mature Gulf of Mexico assets.Private equity and asset-backed securitization buyers also maintained a strong presence, accounting for nearly 30% of asset-level deal flow for the second consecutive quarter.Over the past year, ABS-fueled buyers such as Flywheel Energy and Jonah Energy have absorbed roughly $10 billion in assets. Jonah deployed fresh capital into the Mid-Continent region during the quarter with a $1 billion purchase from Scout Energy Partners.The influx of ABS capital has transformed the Anadarko Basin into a leading M&A hub, with more than $5 billion transacting year-to-date.Enverus projects this funding model to expand geographically into mature, oil-weighted profiles such as the DJ and Williston basins.Meanwhile, the data analytics firm said scarcity of quality oil-weighted drilling locations continued to drive aggressive competition.Following the BLM auction, EnCap Investments' Paloma Permian fetched a strong premium in its July sale to Matador for $1.3 billion. Outside the Permian, Eagle Ford inventory captured strong buyer interest, highlighted by WildFire Energy's sale to Magnolia Oil & Gas for just over $4 billion.The high-valuation environment crossed borders during the quarter. Shell's (SHEL) $16.4 billion acquisition of ARC Resources in April drove total Canadian announced deal value above US levels, a rare occurrence, as international firms bet on Canada's deep resource base and improving infrastructure.Gas-directed M&A faced headwinds in Q2 as near-term market fundamentals weakened and acquisition targets in gas plays like the Haynesville grew scarce.However, Enverus said that longer-term demand expectations tied to liquefied natural gas exports remain solid, pointing to an eventual return of international capital to US gas production.Price: $42.64, Change: $-1.42, Percent Change: -3.21%

San Mateo Midstream Completes Cardinal Acquisition

Matador Resources (MTDR) said on Monday its joint venture San Mateo Midstream has completed the acquisition of operating subsidiaries of Cardinal Midstream Partners for $752 million.The acquired assets include a natural gas processing complex in Loving County, Texas, which has a capacity of about 320 million cubic feet per day, and 145 miles of gathering pipelines.The transaction increases San Mateo's natural gas processing capacity to over 1 billion cubic feet per day. It also expands its gathering pipelines to more than 800 miles across the northern Delaware Basin, the statement said.Nine new customers have been added to San Mateo's customer-base following the acquisition.By 2028, Cardinal's assets are expected to generate up to $110 million per year in adjusted earnings before interest, taxes, depreciation, and amortization upon full utilization of the natural gas processing complex, the company said.Cardinal is a portfolio company of EnCap Flatrock Midstream. Meanwhile, San Mateo is a joint venture that is 51% owned by Matador and 49% owned by Five Point Infrastructure.

UBS Cuts Matador Resources Price Target to $54 From $56, Maintains Neutral Rating

Matador Resources (MTDR) has an average rating of buy and mean price target of $70.38, according to analysts polled by FactSet.Price: $50.06, Change: $-0.76, Percent Change: -1.49%

Matador Expands Delaware Basin With Paloma, Ridge Runner Acquisitions

Matador Resources Company (MTDR) agreed to acquire Paloma Permian for $1.275 billion and signed a separate deal for Ridge Runner acreage, expanding its Delaware Basin position, the company said Thursday.Matador's wholly owned subsidiary signed a definitive agreement to buy Paloma Permian, an EnCap Investments portfolio company.The $1.275 billion cash acquisition includes 16,235 net undeveloped acres and producing assets in Eddy and Lea counties, New Mexico, with estimated third-quarter output of about 11,100 barrels of oil equivalent per day, including 57% oil.Matador expects to complete the acquisition in the fourth quarter of 2026, it said.Separately, Matador agreed to acquire primarily undeveloped acreage from Ridge Runner Resources II, another EnCap-backed company, in the core of the Woodford play across West Texas and Southeast New Mexico.The Ridge Runner deal, together with earlier land purchases, will expand Matador's Woodford position to about 50,000 contiguous undeveloped net acres, primarily around Antelope Ridge in Lea County, New Mexico, and West Texas.The Paloma and Ridge Runner acquisitions together will expand Matador's Delaware Basin footprint to about 240,000 net acres, strengthening its long-term development inventory, the company said.Matador also announced successful results from its first Woodford exploration well in Southeast Lea County, New Mexico. The Rae's Creek well produced more than 2,200 boe/d during its official 24-hour test on June 29, 2026.Oil accounted for 72% of the Rae's Creek well's initial production. The well continues to outperform the average Texas Woodford well by about 20% on a 60-day cumulative oil production basis, the company said.Matador said the Rae's Creek results validate the commercial potential of the Woodford formation in this part of the Delaware Basin.

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index shed 0.1%, and the Dow Jones US Utilities Index increased 0.5%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 5.8% to $91.90 a barrel, and global benchmark Brent surged 6.7% to $100.37. Henry Hub natural gas futures decreased 0.6% to $2.91 per 1 million BTU.In sector news, US natural gas stocks rose by 32 billion cubic feet in the week ended July 17, a smaller increase than the 34-billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 41 billion cubic feet in the previous week.In corporate news, TotalEnergies (TTE) shares rose 1.6% after it reported stronger-than-expected Q2 adjusted earnings and revenue.Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Eni shares added 1.8%.Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 5.6%.Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note. RBC upgraded the stock's rating to sector perform from underperform. Equinor shares climbed 3%.

Sector Update: Energy Stocks Higher Thursday Afternoon

Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index climbed 0.4%, and the Dow Jones US Utilities Index increased 0.2%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 6.6% to $92.52 a barrel, and global benchmark Brent surged 7.3% to $100.91. Henry Hub natural gas futures rose 0.3% to $2.93 per 1 million BTU.In sector news, US natural gas stocks rose by 32 billion cubic feet in the week ended July 17, a smaller increase than the 34-billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 41 billion cubic feet in the previous week.In corporate news, Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Eni shares rose 2.1%.Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 4.6%.Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note. RBC upgraded the stock's rating to sector perform from underperform. Equinor shares rose 3.7%.

Sector Update: Energy

Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index climbed 0.4%, and the Dow Jones US Utilities Index increased 0.2%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 6.6% to $92.52 a barrel, and global benchmark Brent surged 7.3% to $100.91. Henry Hub natural gas futures rose 0.3% to $2.93 per 1 million BTU.In corporate news, Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 4.9%.

Matador Resources to Acquire Paloma Permian for $1.28 Billion

Matador Resources (MTDR) said Thursday that its wholly owned subsidiary signed a definitive agreement to acquire Paloma Permian, an EnCap portfolio company, for $1.28 billion.The acquisition, expected to close in Q4, includes 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico, and estimated Q3 production of about 11,100 barrels of oil equivalent per day.Additionally, the company said it agreed to acquire primarily undeveloped acreage in the Woodford play in West Texas and Southeast New Mexico from Ridge Runner Resources II, another EnCap portfolio company.Matador said it expects to fund the acquisitions with cash on hand and borrowings under its existing reserve-based lending credit facility.The company also reported results from its Rae's Creek exploratory Woodford well in Southeast Lea County, New Mexico, with initial production exceeding 2,200 barrels of oil equivalent per day.Shares of Matador were down 1.6% in Thursday trading.Price: $54.13, Change: $-0.86, Percent Change: -1.56%

Matador Resources Keeps Quarterly Dividend at $0.375 a Share, Payable Sept. 8 to Stockholders of Record Aug. 10

Market Chatter: Permian Gas Bottleneck Threatens Producers as Drilling Outpaces Pipeline Capacity

Higher oil prices earlier this year prompted Permian Basin producers to boost oil output, generating more byproduct natural gas than pipelines could handle and forcing companies to pay buyers to take the gas, according to a report from The Wall Street Journal on Wednesday.First-half Permian gas prices averaged negative $2.19 per million British thermal units, while Diamondback Energy (FANG) said its gas sales averaged negative $2.15 per thousand cubic feet during the second quarter despite strong oil prices, and Devon Energy (DVN) and APA (APA) curtailed output.Some companies have instead looked for ways to use more gas within the basin. Matador Resources (MTDR) has expanded the use of its own gas to power drilling operations, while Chevron (CVX) plans to build a gas-fired power plant in West Texas to supply electricity to a nearby Microsoft data center.Diamondback Energy, Devon Energy, APA, Matador Resources, and Chevron did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)Price: $204.44, Change: $+4.64, Percent Change: +2.32%

UBS Cuts Price Target on Matador Resources to $56 From $62, Maintains Neutral Rating

Matador Resources (MTDR) has an average rating of buy and mean price target of $70.38, according to analysts polled by FactSet.Price: $53.56, Change: $+0.09, Percent Change: +0.18%

Oil Stocks Rise as Middle East Tensions Lift Crude Ahead of Earnings Season, RBC Says

Shares of US oil and gas producers gained over the past week as renewed tensions between Israel and Iran pushed crude prices higher ahead of the Q2 earnings season, RBC Capital Markets analyst Scott Hanold said in a Thursday note.Oil prices climbed to around $80 per barrel for the US benchmark West Texas Intermediate after US President Donald Trump pledged further action against Iran following renewed military strikes.The renewed geopolitical tensions came as the US Strategic Petroleum Reserve fell for the consecutive week to 316.5 million barrels, while inventories at the Cushing, Oklahoma, delivery hub rose above the 20-million-barrel level considered the minimum for efficient operations.Despite the jump in oil prices, trading activity across energy markets remained subdued, Hanold said.Oil-focused exploration and production companies outperformed their natural gas peers over the past week. Shares of oil-weighted producers rose about 3%, while gas-focused companies slipped 1%.The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) gained 4% as crude prices rose about 10%, while US natural gas benchmark Henry Hub prices fell 4%.Investor attention is now shifting toward the upcoming US exploration and production earnings season, with analysts reporting increased discussions around company strategy and capital allocation after limited interest from generalist investors during much of the second quarter.Among the companies drawing the most attention are Expand Energy (EXE), where investors are awaiting the appointment of a new chief executive and Devon Energy (DVN) over potential asset sales.Other companies include EOG Resources' (EOG) exploration activities in the UAE, Matador Resources' (MTDR) efforts to unlock value from its midstream assets, California Resources' (CRC) strategic initiatives, and EQT's (EQT) growth plans.Analysts said investors are also focused on the potential for mergers and acquisitions, free cash flow allocation and the outlook for US natural gas markets, with EOG, Matador, SM Energy (SM) and EQT emerging as favored names heading into earnings.Price: $168.11, Change: $+1.67, Percent Change: +1.00%

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index decreasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.4%.The Philadelphia Oil Service Sector Index was falling 1.3%, and the Dow Jones US Utilities Index decreased 0.8%.Front-month West Texas Intermediate crude oil rose 1.7% to $70.42 a barrel, and the global benchmark Brent crude contract added 1.1% to $72.79 a barrel. Henry Hub natural gas futures fell 3.1% to $3.18 per 1 million BTU.In corporate news, SandRidge Energy (SD) shares rose 1.9% after it said Monday it agreed to acquire some producing assets and leasehold interests in the Cherokee play in the mid-continent region for $65 million in cash.Duke Energy (DUK) entered a settlement agreement with the US Department of the Interior to provide reliable energy at lower costs to customers in the Carolinas, the Department of the Interior said Monday. Duke Energy shares were down 0.1%.Matador Resources' (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash. Matador shares declined 0.5%.Ring Energy (REI) has joined the Russell 3000 Index, effective when the US market opens on Monday, as part of the Russell indexes reconstitution, the company said on the same day. Ring Energy shares gained 3.3%.

Sector Update: Energy Stocks Higher Monday Afternoon

Energy stocks advanced Monday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.4%.The Philadelphia Oil Service Sector Index was shedding 0.8%, and the Dow Jones US Utilities Index decreased 0.6%.Front-month West Texas Intermediate crude oil rose 2.4% to $70.92 a barrel, and the global benchmark Brent crude contract added 1.8% to $73.31 a barrel. Henry Hub natural gas futures fell 2.9% to $3.18 per 1 million BTU.In sector news, President Donald Trump said the US will meet with Iran in Doha, Qatar, on Tuesday, after US officials said both sides agreed to "stand down for now" and that negotiations remained on track following strikes over the weekend, CNN reported Monday, adding that Iran has not confirmed that talks will take place.In corporate news, Matador Resources' (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash. Matador shares rose 0.6%.Kolibri Global Energy (KGEI) shares jumped 7% after the firm said it expects revenue of $78 million to $84 million for its 2026 base forecast, assuming a $70 oil price for the rest of the year.Williams Companies (WMB) a natural gas processing infrastructure enterprise, may buy peer pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg reported Sunday. Williams shares were down 3.7%.

Sector Update: Energy

Energy stocks advanced Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding about 0.2%.The Philadelphia Oil Service Sector Index was shedding 0.8%, and the Dow Jones US Utilities Index decreased 0.6%.Front-month West Texas Intermediate crude oil rose 2.4% to $70.92 a barrel, and the global benchmark Brent crude contract added 1.8% to $73.31 a barrel. Henry Hub natural gas futures fell 2.9% to $3.18 per 1 million BTU.In corporate news, Matador Resources' (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash. Matador shares rose 1%.