15 Cheap Strong Buy Stocks to Buy Now

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12. Matador Resources Company (NYSE:MTDR)

Forward P/E: 7.26

Analyst Upside: 31.31%

Number of Hedge Fund Holders: 39

Matador Resources Company (NYSE:MTDR) is one of the best cheap strong buy stocks to buy now. UBS lowered the firm’s price target on Matador Resources Company (NYSE:MTDR) to $48 from $49 on August 20, keeping a Neutral rating on the shares.

The firm told investors in a research note that persistent commodity headwinds are continually dampening upside potential.

Matador Resources Company (NYSE:MTDR) reported record quarterly production of 209,013 barrels of oil and natural gas equivalent per day (BOE/d) in its fiscal Q2 2025 results, including 122,875 barrels of oil per day (Bbl/d).

Its integrated upstream and midstream business generated $501 million in net cash provided by operating activities, while adjusted free cash flow reached $133 million, representing an industry-leading free cash flow margin.

Matador Resources Company (NYSE:MTDR) also reported a resilient balance sheet with more than $1.8 billion of liquidity and a leverage ratio of less than 1.0x as of June 30.

Matador Resources Company (NYSE:MTDR) is a holding company involved in the development, exploration, production, and acquisition of oil and natural gas resources. The company’s operations are divided into the following segments: Exploration and Production, Midstream, and Corporate.

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