Diamondback (FANG – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst David Deckelbaum from TD Cowen maintained a Buy rating on the stock and has a $225.00 price target.
David Deckelbaum’s rating is based on Diamondback’s strong operational performance and cost efficiencies. The company exceeded its fourth-quarter production guidance due to improved well performance and achieved significant cost savings from synergies with Endeavor, resulting in drilling and completion costs falling below $600 per foot. Additionally, Diamondback’s 2025 oil production guidance is slightly below estimates, but its capital expenditure guidance is notably lower than consensus expectations, indicating effective cost management.
Furthermore, Diamondback has demonstrated a commitment to returning capital to shareholders, as evidenced by an 11% increase in its base dividend and substantial share repurchases. The company has also increased its buyback authorization, reflecting confidence in its financial stability and future cash flow generation. These factors collectively contribute to Deckelbaum’s positive outlook and Buy rating for Diamondback’s stock.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $212.00 price target.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FANG in relation to earlier this year.