CFRA Lowers Diamondback (FANG) Energy Price Target, Keeps Buy Rating

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the 14 Best Aggressive Growth Stocks to Buy According to Analysts. On August 6, CFRA lowered its price target for Diamondback Energy, Inc. (NASDAQ:FANG) from $196 to $181 and kept a rating of Buy.

The research firm lowered its EPS estimates for Diamondback Energy, Inc. (NASDAQ:FANG). For 2025, CFRA reduced the EPS forecast by $0.61 to $13.26, and for 2026, the firm cut the forecast by $0.93 to $15.75.

CFRA Lowers Diamondback (FANG) Energy Price Target, Keeps Buy Rating

A pipeline worker overseeing the flow of crude oil into storage tanks from an integrated water system.

CFRA described the company as a “high-quality operator in the Permian Basin.” The firm noted that in the second quarter, Diamondback Energy, Inc.’s (NASDAQ:FANG) cash operating expenses averaged just over $10 per barrel of oil equivalent. This represents a sequential reduction of 3.6% and a year-over-year decrease of 13.5%.

The firm pointed out that the company faces about $1.3 billion in debt payments due in 2027. This debt is related to Diamondback Energy, Inc.’s (NASDAQ:FANG) Double Eagle acquisition in April 2025. However, CFRA expects the company to generate nearly $10 billion in free cash flow from 2025 to 2026.

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

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Disclosure: None. This article is originally published at Insider Monkey.