TD Cowen analyst David Deckelbaum maintains $Diamondback Energy (FANG.US)$ with a buy rating, and maintains the target price at $286.
According to TipRanks data, the analyst has a success rate of 37.0% and a total average return of -7.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Diamondback Energy (FANG.US)$'s main analysts recently are as follows:
The exploration and production group's estimates have been adjusted to reflect revised commodity price projections and investment outlook. With long-term expectations for Brent and Henry Hub prices at certain levels, the belief is that if operational efficiency gains continue and service costs decrease further, exploration and production companies might maintain enhanced capital efficiency into 2025. This could potentially counterbalance the effects of resource maturity.
There's a possibility that energy commodities and related equities might not participate in the globally coordinated easing due to tough fundamentals and a potential imbalance expected by 2025. Despite this, analysts suggest not betting against central and government financial policies, indicating that crude oil market risks are inclined towards positive outcomes. As for the immediate future, the close of the quarter is approaching, and it's anticipated that updates could reveal a lower-than-expected performance in the near term.
Note:
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