UBS Reiterates a Hold Rating on Matador Resources Company (MTDR)

Group 1: Company Overview - Matador Resources Company (NYSE:MTDR) is recognized as an undervalued stock with significant upside potential, focusing on oil and natural gas exploration, development, and production in the U.S. [1][4] - The company emphasizes oil and natural gas shale and other unconventional plays [4]. Group 2: Analyst Ratings and Price Targets - Peyton Dorne from UBS reiterated a Hold rating on MTDR, raising the price target from $46 to $50 [1]. - Zach Parham from J.P. Morgan maintained a Buy rating but lowered the price target from $57 to $52, reflecting an updated outlook for the exploration and production sector in 2026 [1][2]. Group 3: Financial Developments - On December 11, the company announced a successful unanimous redetermination of its reserves-based loan credit facility at $3.25 billion by a 19-bank group [3]. - Additionally, San Mateo Midstream, LLC's revolving credit facility saw an increase in commitments by $1.10 billion, up from a previous commitment of $850 million [3]. - The company paid off $311 million in RBL debt during the first nine months of 2025, reducing its balance to $285 million as of September 30, which lowered its Debt-to-EBITDA ratio to under 1.0x [3][4].