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Diamondback Energy (FANG) has an average rating of buy and mean price target of $231.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Higher oil prices earlier this year prompted Permian Basin producers to boost oil output, generating more byproduct natural gas than pipelines could handle and forcing companies to pay buyers to take the gas, according to a report from The Wall Street Journal on Wednesday.First-half Permian gas prices averaged negative $2.19 per million British thermal units, while Diamondback Energy (FANG) said its gas sales averaged negative $2.15 per thousand cubic feet during the second quarter despite strong oil prices, and Devon Energy (DVN) and APA (APA) curtailed output.Some companies have instead looked for ways to use more gas within the basin. Matador Resources (MTDR) has expanded the use of its own gas to power drilling operations, while Chevron (CVX) plans to build a gas-fired power plant in West Texas to supply electricity to a nearby Microsoft data center.Diamondback Energy, Devon Energy, APA, Matador Resources, and Chevron did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)Price: $204.44, Change: $+4.64, Percent Change: +2.32%
Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The Philadelphia Oil Service Sector Index was climbing 1%, and the Dow Jones US Utilities Index was down 0.2%.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.Front-month West Texas Intermediate crude oil climbed 2.2% to $85.09 a barrel, and the global benchmark Brent crude contract rose 2% to $91.04 a barrel. Henry Hub natural gas futures increased 0.1% to $2.86 per 1 million BTU.In corporate news, Shell (SHEL) resumed operations at a 200,000-barrel-per-day crude oil unit at its Pernis oil refinery in the Netherlands on Monday following a brief disruption, Reuters reported. Shell shares were up nearly 1%.Shell, TotalEnergies (TTE) and BP (BP) are in negotiations to supply 15 to 18 cargoes of liquefied natural gas per month to Egypt for at least three years, Reuters reported. TotalEnergies shares climbed 3.3%, and BP added 1%Diamondback Energy (FANG) is expected to deliver a strong Q2, with total and oil production above the midpoint of guidance and cash flow per share projected to be 2% ahead of the Street estimate, UBS Securities said in a note. Diamondback shares climbed 1.8%.
Diamondback Energy (FANG) is expected to deliver a strong Q2, with total and oil production above the midpoint of guidance and cash flow per share projected to be 2% ahead of the Street estimate, UBS Securities said Monday in a note.The company is scheduled to report Q2 results on Aug. 3.From an operational perspective, the company remains committed to the "green light" activity framework, and is proceeding with Barnett delineation, which could support 2% production growth in 2027, according to the note.The brokerage forecasts Q2 cash flow per share of $11.46 versus the Street consensus of $11.23. It also expects the company to reach its $10 billion net debt target in Q3.Diamondback Energy continues to see a supportive oil environment, and UBS expects it will reiterate its growth plans for the foreseeable future, the note added.UBS kept a buy rating on Diamondback Energy and lowered its price target to $243 from $246.Price: $199.19, Change: $+3.81, Percent Change: +1.95%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $230.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $196.87, Change: $+1.49, Percent Change: +0.76%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $230.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Energy investors are looking beyond US shale producers toward offshore drilling, Canadian oil companies, and global energy firms as the North American shale industry enters a more mature phase, TPH Energy strategists said in a note on Monday.TPH analysts said after meetings with institutional investors in Toronto and New York, discussions were dominated by the outlook for natural gas, crude prices, and the long-term positioning of energy service companies following recent volatility in oil markets.The analysts said gas markets are a key focus among investors, with focus centered on the timing of a potential recovery and regional supply-demand dynamics across areas, including the Waha hub in Texas, the Gulf Coast, the US Northeast and Canada.TPH said among gas-focused stocks, EQT (EQT) and Expand Energy (EXE) attracted the most investor attention, while Canada's Tourmaline Oil, Antero Resources (AR), Range Resources (RRC) and Comstock Resources (CRK) featured in discussions.On crude markets, investors are assessing a reversal in prices following the Middle East conflict, as well as the factors that provided unexpected support to oil prices, including weaker-than-expected Chinese demand and opaque inventory movements.However, TPH said that concerns over a potential supply surplus have resurfaced, driven by stronger-than-expected US production growth and rising output discussions around Argentina, the UAE and Iraq.Shale is structurally maturing, Jeoffrey Lambujon, analyst at TPH Energy, said, adding that the trend could encourage investors to diversify toward Canadian producers, international operators and offshore projects.Oil-focused discussions covered US producers including Diamondback Energy (FANG), Devon Energy (DVN), ConocoPhillips (COP) and Ovintiv (OVV), together with Canadian firms including Suncor Energy (SU), Cenovus Energy (CVE), Canadian Natural Resources (CNQ) and Imperial Oil (IMO).Global oil majors including Chevron (CVX), Exxon Mobil (XOM) and BP (BP) were also discussed, with investors focusing on inventory levels, capital allocation strategies, growth opportunities, mergers and acquisitions, and regulatory progress affecting Canadian oil sands producers.Meanwhile, though crude price volatility has kept some investors on the sidelines, interest in the oil services sector remains strong, particularly among investors seeking exposure to longer-term offshore and international growth trends.Jeff LeBlanc, analyst at TPH, said that US shale's maturation and continued efficiency gains lead many investors to prefer offshore and international names over US pure plays.Offshore drilling firms attracted attention in nearly every investor meeting, with clients broadly agreeing that the sector benefits from structural supply constraints and improving fundamentals.TPH said investors raised questions about near-term contract availability, companies' contracting strategies and whether day rates could rise faster than expected as utilization tightens.However, optimism around oilfield services pricing has moderated somewhat in North America, as producers have indicated that recent pricing discussions have largely been limited to consumable products rather than broad-based service cost increases.Service companies are projected to differentiate between private and publicly traded operators, with pricing negotiations set to influence H1 2026 results and expectations for 2027 as new bidding cycles emerge.Price: $189.71, Change: $+2.33, Percent Change: +1.24%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $230.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Diamondback Energy (FANG) has an average rating of Buy and mean price target of $232.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $187.87, Change: $-2.82, Percent Change: -1.48%
Viper Energy (VNOM) has completed the acquisition of the mineral and royalty interests owned by Riverbend Oil & Gas IX in a cash-and-stock deal, the company said late Wednesday.A subsidiary of Diamondback Energy (FANG), Viper Energy paid $337 million in cash and around 3.7 million shares of its Class A common stock, the company said.
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Diamondback Energy (FANG) has an average rating of buy and mean price target of $234.76, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $181.68, Change: $-0.87, Percent Change: -0.48%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Oil prices came under renewed pressure on Friday after the White House signaled that a nuclear agreement with Iran could be reached in the near term, raising expectations for additional crude supplies to return to the market, RBC Capital Markets analyst Scott Hanold said in a Friday note.US benchmark West Texas Intermediate crude fell below $80 per barrel, although prices remain approximately 18% higher than levels seen before the outbreak of conflict in late February. Shares of US exploration and production companies also weakened, leaving the sector up just 6% since the start of the conflict.Despite the prospect of an easing in geopolitical tensions, Hanold said the impact on global oil fundamentals has already been significant. Supply and inventory buffers have been substantially reduced, supporting expectations for higher medium-term oil prices. Analysts estimate that the industry's mid-cycle oil price could remain at or above $75 per barrel for the next several years.US crude inventories currently stand about 5% below their five-year average. In its latest Short-Term Energy Outlook, the US Energy Information Administration projected total OECD oil inventories will fall below 2.3 billion barrels by December, the lowest level since the agency began tracking the data in 2003.Energy equities broadly declined over the past week. Oil-focused E&P companies fell roughly 5%, while natural gas-focused producers declined about 6%. Large-cap energy stocks were down 4%, while small- and mid-cap names lost 5%. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 4% during the period, as WTI crude declined 7% and Henry Hub natural gas prices dropped 8%.Investor interest in the energy sector remains intact but highly selective, according to discussions with long-only funds, generalist investors, and hedge funds. Investors continue to cite attractive valuations, with free cash flow-to-enterprise value and free cash flow-to-market capitalization yields averaging in the low- to mid-teens.Interest in natural gas producers remains more limited amid concerns that a strengthening El Nino weather pattern could weigh on demand. However, investors have shown growing interest in Expand Energy (EXE) due to its relative valuation. Other energy names drawing attention include Devon Energy (DVN), ConocoPhillips (COP), Diamondback Energy (FANG), and Permian Resources (PR).Price: $167.10, Change: $+3.69, Percent Change: +2.26%
Diamondback Energy (FANG) has an average rating of overweight and mean price target of $234.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Teresa L. Dick, Executive Vice President, Chief Accounting Officer and Assistant Secretary, on June 04, 2026, sold 5,000 shares in Diamondback Energy (FANG) for $1,025,000. Following the Form 4 filing with the SEC, Dick has control over a total of 80,755 common shares of the company, with 80,755 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1539838/000153983826000126/xslF345X05/wk-form4_1780948883.xml
Matt Zmigrosky, Executive Vice President, Chief Legal and Administrative Officer, on June 03, 2026, sold 5,000 shares in Diamondback Energy (FANG) for $1,050,000. Following the Form 4 filing with the SEC, Zmigrosky has control over a total of 41,392 common shares of the company, with 41,392 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1539838/000153983826000123/xslF345X05/wk-form4_1780603383.xml
Matthew Kaes Van't Hof, Director, Chief Executive Officer, on June 03, 2026, sold 15,000 shares in Diamondback Energy (FANG) for $3,125,000. Following the Form 4 filing with the SEC, Van't Hof has control over a total of 133,614 common shares of the company, with 133,614 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1539838/000153983826000124/xslF345X05/wk-form4_1780603390.xml
Diamondback Energy (FANG) has an average rating of overweight and mean price target of $233.03, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Diamondback Energy (FANG) has an average rating of overweight and mean price target of $233.03, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
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