12 High Growth Low PE Stocks to Buy

8. Matador Resources Company (NYSE:MTDR)

5-Year Revenue CAGR: 29.04%

Number of Hedge Fund Holders: 30

Forward P/E as of January 29: 7.70

Matador Resources Company (NYSE:MTDR) is an independent energy company that explores, develops, produces, and acquires oil and natural gas resources in the United States. It stands out as one of the best high-growth low PE stocks to buy, having succeeded in growing its revenue at a compound annual growth rate of 29% over the past five years.

Likewise, Matador Resources Company (NYSE:MTDR) plans to accelerate production in 2025, targeting 200,000 barrels of oil equivalent per day, as it looks to take advantage of oil price funding support above the $70 a barrel level. It plans to operate up to nine rigs throughout the year. The company will likely see earnings growth of almost 16% and 20% in 2024 and 2025, respectively.

Amid the increased production, analysts expect Matador Resources Company (NYSE:MTDR) to generate a free cash flow of $1.029 billion, reflecting a 13% yield. The fact that both cash flow and profits support Matador Resources’ dividend yield of 1.64% is encouraging because it typically indicates that the dividend is sustainable.