Research Alert: CFRA Keeps Hold Opinion On Shares Of Matador Resources
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CFRA maintains a Hold opinion on Matador Resources (MTDR) with a 12-month target price of $61, raised by $1. The valuation is based on relative valuation, DCF, and NAV models, estimating intrinsic values of $65 and $64 per share, respectively. The 2026 EPS estimate is lifted to $6.95. MTDR is hedged for 50% of its 2026 crude oil production at $66 per barrel, below current WTI prices. The company is adopting a conservative approach with reduced capital spending and lower cash costs expected in 2026.
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