J.P.Morgan raises Diamondback PT on asset sales, efficiency gains

Viper Energy

04/09/2025 11:17

** J.P.Morgan raises target price on shale oil producer Diamondback Energy FANG.O to $167 from $164

** The new price target represents a ~17 upside on the stock's last close

** Brokerage says PT raise is due to improving capital efficiency, and the addition of Endeavor assets, which adds valuable Permian inventory for long-term growth

** Brokerage anticipates FANG to generate flat to low-single-digit volume growth while returning 50% of free cash flow to shareholders on a quarterly basis

** 30 of 32 brokerages rate the stock "buy" or higher and 2 rate "hold"; their median PT is $184 - data compiled by LSEG

** As of last close, stock down ~13% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))