Truist Financial analyst Neal Dingmann maintains $Diamondback Energy (FANG.US)$ with a buy rating, and adjusts the target price from $255 to $220.
According to TipRanks data, the analyst has a success rate of 51.5% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Diamondback Energy (FANG.US)$'s main analysts recently are as follows:
Estimates in the exploration and production group have been adjusted to mirror updated commodity price decks and investment outlook. While long-term oil and gas price expectations are held at $80 for Brent and $3.50 for Henry Hub, there's a possibility that operational efficiency gains could continue alongside easing service costs. Should this trend persist, it could allow exploration and production companies to maintain enhanced capital efficiency into 2025, potentially balancing the effects of resource maturity.
The global easing cycle might lead to energy commodities and equities potentially sitting out due to difficult fundamentals and a projected imbalance by 2025. Despite these challenges, analysts suggest not opposing central or governmental economic policies, indicating that there could be more positive risks in the crude oil market. As the quarter concludes, updates are anticipated that could potentially reveal lower near-term estimates.
Note:
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