Raymond James has adjusted its price target for Matador Resources (MTDR, Financial), reducing it from $67 to $60 while maintaining an Outperform rating on the stock. This revision comes amidst significant changes in the energy market landscape, with oil prices experiencing a downturn of approximately $10 per barrel since the end of February.
The firm highlights that the current environment presents challenges for Exploration & Production companies, which reported strong results in the previous quarter. Contributing to this volatile scenario are factors such as the ongoing tariff conflicts and strategic decisions made by OPEC+, influencing commodity prices negatively.
Despite these headwinds, Matador Resources is expected to deliver a performance that aligns with Raymond James's earlier forecasts for the first quarter. Management teams across the energy sector are adopting a cautious approach given the fluctuating market dynamics, closely observing developments to adapt their strategies accordingly.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Matador Resources Co (MTDR, Financial) is $70.59 with a high estimate of $86.00 and a low estimate of $58.00. The average target implies an upside of 70.22% from the current price of $41.47. More detailed estimate data can be found on the Matador Resources Co (MTDR) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Matador Resources Co's (MTDR, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Matador Resources Co (MTDR, Financial) in one year is $79.31, suggesting a upside of 91.25% from the current price of $41.47. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Matador Resources Co (MTDR) Summary page.
