As previously reported, BofA analyst Kalei Akamine upgraded Diamondback Energy (FANG) to Buy from Neutral with a price target of $170, down from $202. The firm believes Diamondback has an edge over ConocoPhillips (COP) and EOG Resources (EOG) in its lower dividend break even and higher debt-adjusted free cash flow yield, the analyst tells investors. Following the lead set by the firm’s commodity research team, the analyst lowered the Q2-Q4 2025 WTI oil deck to $57 per barrel from $64.50, noting that the firm’s house view anticipates the biggest negative impact on oil prices in Q2.
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