On Oct 15, major Wall Street analysts update their ratings for $Diamondback Energy (FANG.US)$, with price targets ranging from $195 to $252.
J.P. Morgan analyst Arun Jayaram maintains with a buy rating, and adjusts the target price from $182 to $205.
Citi analyst Scott Gruber maintains with a hold rating, and maintains the target price at $195.
Barclays analyst Betty Jiang maintains with a buy rating, and maintains the target price at $210.
UBS analyst Josh Silverstein maintains with a buy rating, and adjusts the target price from $247 to $235.
Piper Sandler analyst Mark Lear maintains with a buy rating, and adjusts the target price from $240 to $252.
Furthermore, according to the comprehensive report, the opinions of $Diamondback Energy (FANG.US)$'s main analysts recently are as follows:
Long-term investment in E&P companies typically hinges on selecting firms with superior acreage inventory, cost-effective volume production, and robust capital allocation strategies. Diamondback Energy aligns with these criteria, positioning it as a fundamental asset in the E&P sector. There are concerns, however, regarding potential declines in WTI prices in the coming years and the necessity for Diamondback to reduce leverage following the Endeavor acquisition. A more favorable entry point would be preferable for a positive outlook.
Here are the latest investment ratings and price targets for $Diamondback Energy (FANG.US)$ from 5 analysts:
Note:
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