JPMorgan analyst Arun Jayaram lowered the firm’s price target on Diamondback Energy (FANG) to $161 from $167 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q1 report. The key takeaway from the Q1 print was the company’s supply response to the deterioration in oil market fundamentals amid the OPEC+ market share grab and economic uncertainty associated with tariffs, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FANG:
- Diamondback Energy Reports Q1 2025 Operational Update
- Diamondback Energy’s Strategic Response in Earnings Call
- Shopify initiated, Comcast downgraded: Wall Street’s top analyst calls
- Diamondback Energy: Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- 3 Best Stocks to Buy Now, 5/6/2025, According to Top Analysts