Diamondback Energy, Inc. (FANG) Expects the Growth of U.S. Crude Production to Stagnate; Bernstein SoGen Group Reiterates Its Outperform Rating and $192 Price Target

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the 13 Safest Stocks to Invest in Now, supported by hedge fund interest and significant return on equity.

Diamondback Energy, Inc. (FANG) Expects the Growth of U.S. Crude Production to Stagnate; Bernstein SoGen Group Reiterates Its Outperform Rating and $192 Price Target

The CEO of Diamondback Energy, Inc. (NASDAQ:FANG) issued a warning on October 1 that if oil prices stay close to $60 per barrel, the growth of U.S. crude production will stagnate. Moreover, growth at lower levels will be challenging due to the scarcity of Tier 1 drilling locations.

While Diamondback Energy, Inc. (NASDAQ:FANG) reduced its 2025 capital investment by $500 million to $3.5 billion, U.S. crude futures were trading at about $61.50. The comments were made the day after Bernstein SoGen Group, after a non-deal roadshow with management, reiterated its Outperform rating and $192 price target on the company.

Furthermore, the investment firm emphasized Diamondback Energy, Inc. (NASDAQ:FANG)’s strong inventory life, disciplined balance sheet, and share repurchases, highlighting its position as the final large-cap single-basin shale producer.

The Permian Basin is home to the Texas-based oil and gas company Diamondback Energy, Inc. (NASDAQ:FANG). It is one of the Safest Stocks To Buy.

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