Jan 11, 2026 2 min read 0 views

Energy Stocks Show Mixed Performance as 2026 Begins

Several energy stocks present analyst upside targets for 2026, including Cheniere Energy with 40% potential, Diamondback Energy's $1.76B Q3 free cash flow, and Devon Energy beating earnings estimates.

Energy Stocks Show Mixed Performance as 2026 Begins

Energy stocks delivered varied results in 2025. As 2026 starts, a number of companies are noted for their analyst upside targets, operational momentum, and improving fundamentals.

Weatherford International, trading at $89.24, is up 14% year-to-date. The oilfield services provider reported third-quarter 2025 results that showed resilience. CEO Girish Saligram said the company "delivered across the board" while strengthening its financial foundation. The stock has gained 10% over the past week.

Diamondback Energy generated $1.76 billion in free cash flow during the third quarter of 2025. The company returned $892 million to shareholders through dividends and share buybacks. Third-quarter revenue reached $3.92 billion, beating estimates by 9%. Earnings per share were $3.51, exceeding expectations by 18%. Analyst targets sit at $179.13, representing 22% upside from its current price of $147.95.

EQT Corporation trades at $51.37. Its third-quarter revenue increased 51% year-over-year to $1.82 billion. Analyst targets of $64.57 indicate 27% potential upside. The stock is down 8% over the past month.

Devon Energy reported third-quarter earnings per share of $1.04, beating estimates by 11%. The company generated $1.7 billion in operating cash flow. CEO Clay Gaspar stated Devon "delivered another outstanding performance, achieving our best results of the year across all major value drivers." Production reached 853,000 barrels of oil equivalent per day. Analyst targets are $44.93, suggesting 25% upside from its $35.82 price.

Cheniere Energy, the largest U.S. liquefied natural gas exporter, reported third-quarter revenue of $4.44 billion, up 19% year-over-year. Net income for the quarter was $1.05 billion. The company trades at $194.30. Analyst targets of $270.77 represent 40% upside potential.

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