Diamondback Energy (FANG) Update - May 29
Posted: Wed May 26, 2021 7:38 am
I will finish my review of the updated profile for FANG. This is one of my Top Picks in the Sweet 16 because it is on pace to generate close to $2 Billion of FCF from operations. They closed acquisitions of QEP and Guidon in Q1 2021 that set them up for a very strong 2nd half of 2021.
FANG closed at $75.48 on May 25
TipRanks rates it a Strong Buy: "In the last 3 months, 18 ranked analysts set 12-month price targets for FANG. The average price target among the analysts is $101.11." Here are the last five price target updates.
PT
$95.00 < Scotiabank 5-21-21
$120.00 < Mizhho Sec 5-17-21
$97.00 < Evercore 5-17-21
$107.00 < RBC Cap 5-5-21
$125.00 < Raymond James 5-4-21
FANG closed at $75.48 on May 25
TipRanks rates it a Strong Buy: "In the last 3 months, 18 ranked analysts set 12-month price targets for FANG. The average price target among the analysts is $101.11." Here are the last five price target updates.
PT
$95.00 < Scotiabank 5-21-21
$120.00 < Mizhho Sec 5-17-21
$97.00 < Evercore 5-17-21
$107.00 < RBC Cap 5-5-21
$125.00 < Raymond James 5-4-21