Bernstein reduced its price objective on Diamondback Energy, Inc. (NASDAQ:FANG) to $190 from $199 on January 5, while keeping an "Outperform" rating. The firm reported a balanced view of oil for 2026, expecting near-term choppiness and longer-term strength.
Piper Sandler analyst Mark Lear reiterated an "Overweight (Buy)" rating on Diamondback Energy's stock with a price objective of $219. Lear highlighted the company as Piper Sandler's top large-cap exploration and production pick, noting its low-cost operator status in the Permian basin, a long runway of low breakeven projects, consistent execution, and potential for further efficiency improvements.
Diamondback Energy has consistently delivered strong asset-level performance despite shifting to full-stack development years ago. The company is an independent oil and natural gas producer.