Piper Sandler lowered the firm’s price target on Diamondback Energy (FANG) to $232 from $252 and keeps an Overweight rating on the shares. The firm is updating its thoughts on the U.S. upstream landscape heading into what is shaping up as a tricky investment environment in FY25. Piper has updated its estimates for its revised oil outlook, looking at free cash flow/EV sensitivities at various oil and gas price scenarios, and rolled out FY26 comps and updated projections of oil and gas prices discounted in its coverage.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FANG:
- Diamondback Energy price target lowered to $207 from $219 at Mizuho
- Diamondback, Halliburton and VoltaGrid announce simul-frac fleet agreement
- Viper upgraded to Overweight on accretive drop-down at KeyBanc
- Diamondback Energy price target lowered to $212 from $235 at UBS
- Diamondback Energy price target raised to $235 from $212 at UBS