Why Matador Resources Being Added to Multiple Russell Growth Indices Matters

For investors watching Matador Resources (MTDR), the company’s recent inclusion in several Russell growth benchmarks puts a fresh spotlight on the stock and its role in diversified equity portfolios.

On 27 June 2026, Matador Resources was added to the Russell 1000 Growth, Russell 2500 Growth, Russell Midcap Growth, Russell 3000 Growth, Russell 3000E Growth and Russell Small Cap Comp Growth benchmarks.

This type of index inclusion can influence how much attention Matador Resources receives from index funds and rules based strategies that track or reference these benchmarks, which may affect trading volumes over time.

Against this backdrop, Matador Resources’ share price sits at US$51.38 after a 1-day share price return that declined 2.69%, a 7-day share price return of 2.39% and a 90-day share price return that declined 14.17%. The 5-year total shareholder return of 70.47% contrasts with a more muted 1-year total shareholder return of 1.77%, suggesting long term holders have seen stronger gains than recent entrants.

If the Russell additions have you thinking about where else growth or re rating potential might appear, it can help to broaden your watchlist with 18 top founder-led companies

Matador Resources now trades at US$51.38 while the average analyst price target and one intrinsic value estimate sit much higher. How wide is that gap, and what does the current spread imply about fair value?

Most Popular Narrative: 29.2% Undervalued

Against the current Matador Resources share price of $51.38, the most followed narrative anchors on a Fair Value estimate of $72.61, built around detailed forecasts for revenue, margins and earnings.

Expanding midstream capacity and third-party volumes (with the Marlan plant ramping toward full utilization and high third-party repeat business) is set to deliver incremental, fee-based revenues and improve overall net margins, making Matador less reliant on commodity prices and supporting sustained earnings growth.

Want to see what sits behind that cash generation story? The narrative leans on rising margins, faster top line growth and a reset profit multiple. Curious which forecasts really move the Fair Value?

The current Fair Value of $72.61, based on a 7.20% discount rate and detailed assumptions around future earnings, is described as presenting material upside versus where Matador Resources trades today. Those assumptions include higher profitability, a path for revenue expansion and an earnings profile that is viewed as supporting a lower P/E multiple than the wider US Oil and Gas sector.

Result: Fair Value of $72.61 (UNDERVALUED)

However, there are still clear risks to the Matador Resources story, including its concentration in the Delaware Basin and the ongoing capital demands of drilling and midstream projects.

Next Steps

With both risks and rewards on the table for Matador Resources, are you comfortable with the balance, or do you see something different? Take a closer look at the full picture and weigh the trade off between upside and downside with 4 key rewards and 3 important warning signs

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.