Piper Sandler raised the firm’s price target on Diamondback Energy (FANG) to $218 from $215 and keeps an Overweight rating on the shares. Discussing the space, the firm says that for Q4, it anticipates strong prints from the gas equities, while WAHA pricing and weak oil and NGL prices were a headwind for oil names. Heading into FY26, the expectations are broadly for maintenance programs across Piper’s oil coverage, while a number of gas producers are pushing for growth in response to increased LNG demand.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 raised to $171 from $169 at Wells Fargo
- Diamondback Energy price target lowered to $171 from $183 at Morgan Stanley
- Diamondback Energy price target lowered to $194 from $195 at Mizuho
- Diamondback Energy price target lowered to $215 from $219 at Piper Sandler
- Diamondback Energy price target raised to $173 from $143 at Jefferies