On Oct 03, major Wall Street analysts update their ratings for $Diamondback Energy (FANG.US)$, with price targets ranging from $182 to $286.
J.P. Morgan analyst Arun Jayaram maintains with a buy rating, and adjusts the target price from $167 to $182.
Barclays analyst Betty Jiang maintains with a buy rating, and maintains the target price at $210.
TD Cowen analyst David Deckelbaum maintains with a buy rating, and maintains the target price at $286.
Roth MKM analyst Leo Mariani maintains with a buy rating, and adjusts the target price from $187 to $224.
Benchmark Co. analyst Subash Chandra maintains with a buy rating, and adjusts the target price from $154 to $195.
Furthermore, according to the comprehensive report, the opinions of $Diamondback Energy (FANG.US)$'s main analysts recently are as follows:
In a potentially challenging near-term oil macro environment, with the anticipated return of OPEC+ barrels, Diamondback Energy is poised to outperform relatively due to its advantageous position. With a cost structure that is at the lower end in the Midland Basin, and dividend coverage below $45 per barrel, the company is expected to maintain a stronger performance.
Diamondback Energy is perceived to have one of the most definitive positive event trajectories in the upcoming quarters, primarily as it completes the integration of Endeavor. It is anticipated that the company will announce a 2025 plan that proves to be considerably more capital efficient than previously projected. The recent decline in share prices, partly due to a liquidity event by Endeavor sellers, is seen as a compelling entry point for investors.
Estimates within the exploration and production sector have been revised to reflect updated commodity price projections and the investment landscape. The expectation for long-term oil and gas prices is to stabilize at certain levels. Should operational efficiencies continue and service costs further decrease, the exploration and production companies are positioned to maintain robust capital efficiency into 2025, potentially counterbalancing the effects of resource maturity.
Here are the latest investment ratings and price targets for $Diamondback Energy (FANG.US)$ from 5 analysts:
Note:
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