Matador Resources Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations. Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. The company sells natural gas to unaffiliated independent marketing companies and unaffiliated midstream companies. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was incorporated in 2003 and is headquartered in Dallas, Texas.
Strategic Expansion | Matador's $1.9B Ameredev acquisition bolsters Delaware Basin presence, adding 33,500 net acres and boosting EBITDA by 16%, enhancing long-term growth prospects |
Operational Excellence | Explore Matador's impressive financial health, with a 3.05 score, 80.13% gross profit margin, and consistent outperformance in production volumes and earnings |
Midstream Advantage | Delve into Matador's unique midstream assets, contributing $210-240M in EBITDA for 2024 and offering potential for value unlocking through strategic initiatives |
Future Outlook | Analysts project peer-leading growth, with price targets ranging from $62 to $89. Learn how Matador aims to achieve sub-1.0x leverage by late 2025 |
Metrics to compare | MTDR | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipMTDRPeersSector | |
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P/E Ratio | 7.0x | 11.9x | 4.9x | |
PEG Ratio | −0.57 | −0.25 | 0.00 | |
Price/Book | 1.1x | 1.2x | 1.1x | |
Price / LTM Sales | 1.7x | 1.2x | 1.1x | |
Upside (Analyst Target) | 30.8% | 24.6% | 25.0% | |
Fair Value Upside | Unlock | 15.6% | 9.8% | Unlock |