Susquehanna raised the firm’s price target on Diamondback Energy (FANG) to $245 from $231 and keeps a Positive rating on the shares. The firm said the company reported 1Q results, with a beat on both production and EPS. FY’26 oil production guidance was raised roughly 3% at the midpoint as the company plans on drawing down some of its DUC inventory this year, as it moved to its “Green light” scenario as the Iran war drives a global supply/demand deficit.
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