Here's Why You Should Hold on to Matador Resources Stock Now

Core Viewpoint - Matador Resources Company (MTDR) is positioned for significant earnings growth, with projections of nearly 16% in 2024 and 20% in 2025, driven by favorable commodity prices and increased production volumes [1][4]. Group 1: Company Performance - The price of West Texas Intermediate crude is nearing $70 per barrel, which is beneficial for exploration and production activities, likely aiding MTDR in increasing production volumes [2]. - Matador Resources has entered a $1.91 billion agreement to expand its operations in the Delaware Basin, which is expected to close in late Q3 2024, resulting in over 190,000 net acres and an estimated production exceeding 180,000 barrels of oil equivalent per day [3]. Group 2: Market Conditions - The combination of high commodity prices and expectations for increased production is anticipated to positively impact MTDR's bottom line [4].