Here's Why Matador (MTDR) is an Attractive Investment Bet

Group 1 - Matador Resources Company (MTDR) is a leading upstream player with a strong presence in oil and natural gas shale, expecting earnings growth of 16.5% in 2024 and 18.6% in 2025 [1] - The price of West Texas Intermediate crude has reached $80 per barrel, which is favorable for exploration and production activities, likely aiding MTDR in increasing production volumes [2] - Matador Resources has entered into a $1.91 billion agreement to expand its operations in the Delaware Basin, projected to close in late Q3 2024, with an expected production exceeding 180,000 barrels of oil equivalent per day [3] Group 2 - The combination of high commodity prices and expectations for increased production is anticipated to positively impact Matador Resources' bottom line [4] - Other top-ranked energy companies include Vitesse Energy Inc, ProPetro Holding Corp, and Vista Energy SAB de CV, with Vitesse Energy holding a Zacks Rank 1 and the others ranked 2 [6] - Vitesse Energy has interests in 6,932 productive wells in the Bakken region, ensuring a solid production outlook if crude prices remain favorable [7]