MTDR Matador Resources Co

$MTDR LONG insider purchases undervalued refiner MACD positive and rising Raised Dividend Overweighted position What’s not to like here ?

$MTDR four matador officers bought shares on nov 5, the day the nasdaq fell 5.52%: the cfo, the president, an evp and the chief accounting officer, about $224K combined per their form 4s. no trading plan marked on any of them. four separate filings, one day

$MTDR Q3 '26 output +10% to >230K boe/d; reserves climbed from 667M to >700M boe. Hugh Brinson pipeline shifted gas cash flow from -$38M in Q2 to +$162M in Q3, gas realized $2.99. D&C costs reached $640/ft. Management sees mid-single-digit production growth in 2027 and debt paydown; 2027 capex plan due February. Catalysts in play - Hugh Brinson cuts Waha basis risk; $200M+ cash-flow swing. - Woodford discovery produced >100K bbl in 100 days; 15 wells planned. - Federal acreage: 48 BLM permits filed; 12 wells targeted H1 '27. - San Mateo EBITDA projected +17% in 2026; Cardinal adds ~$100M by 2028. - Lateral footage per rig +30%; drilling times cut 3 days. - $150M debt repaid, further paydown due by 2027. Risks to watch - Lower crude prices could force 2027 capex or drilling cuts. - Service cost inflation could offset efficiency gains. - Federal drilling depends on timely BLM permit approvals. - Woodford economics need validation beyond the first well. - Midstream monetization has no fixed timeline.

EVP & CFO Calvert Christopher P bought $105K of $MTDR stock on Nov 5. • 2,000 shares at $52.57. • Bought 21% below the 52-week high. • Stake up 1.5%.

$MTDR reported earnings after the close yesterday. Adjusted EPS beat estimates: $2.08 vs. $1.83 expected, according to Stock Meadow.

$MTDR Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $2.08 up 52.94% YoY • Reported revenue of $1.39B up 51.95% YoY • Matador raised full-year 2026 production guidance: 128,750 to 129,250 Bbl per day oil, 565.5 to 568.5 MMcf per day natural gas, and 223,000 to 224,000 BOE per day; CapEx guidance is $1.67B.

$MTDR Matador closed Friday up about 7% at 57.52 dollars, and it is still below every target set this week. Morgan Stanley raised to 69 dollars from 66 on Thursday and kept Equal Weight. Truist raised to 65 from 59 on Wednesday, Buy kept. Wells Fargo actually cut, to 76 from 77, and that is still the highest target out there. Scotiabank started coverage Thursday at Sector Perform with a 59 dollar target, the low end of the fresh range. Consensus sits at 66.81 dollars (MarketBeat). Q3 results land Nov 3 after the close.