Barclays raised the firm’s price target on Diamondback Energy (FANG) to $225 from $190 and keeps an Overweight rating on the shares. The company reported solid Q1 results with production beating on in-line capex, the analyst tells investors in a research note. The firm believes Diamondback’s efficiency gains and well performance could keep driving upside volume surprises.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FANG:
- Neal Dingmann Reiterates Buy on Diamondback, Citing Raised 2026 Oil Output Guidance, Strong FCF, and Dividend Hike Within Existing Capex Plan
- Diamondback Energy raises FY26 capital expenditures view to $3.9B from $3.75B
- Diamondback Energy increases quarterly dividend 5% to $1.10 per share
- Diamondback Energy reports Q1 adjusted EPS $4.23, consensus $3.75
- These Are the Stocks Reporting Earnings Today – May 4, 2026