Morgan Stanley Keeps Diamondback (FANG) Overweight as 2025 Guidance Comes Into Focus

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Diamondback Energy, Inc. (NASDAQ:FANG) is included among the 14 Best US Stocks to Buy for Long Term.

Morgan Stanley Keeps Diamondback (FANG) Overweight arsenic  2025 Guidance Comes Into Focus

Morgan Stanley Keeps Diamondback (FANG) Overweight arsenic 2025 Guidance Comes Into Focus

On November 20, Morgan Stanley expert Devin McDermott trimmed the firm’s terms people connected Diamondback Energy, Inc. (NASDAQ:FANG) to $183 from $184, portion maintaining an Overweight standing connected the shares. The update is portion of the firm’s sum of Energy stocks successful North America, based connected caller guidance for 2025 and the aboriginal 2026 outlook. Morgan Stanley inactive has a penchant for state implicit lipid stocks.

Diamondback Energy, Inc. (NASDAQ:FANG) benefits a batch successful examination to its peers due to the fact that of its low-cost production. The company’s lipid accumulation comes astatine a little outgo successful the US, particularly successful the Permian Basin. This way, Diamondback steers wide of geopolitical risks that impact galore different producers. This has enabled the institution to make escaped currency travel that was 15% higher per share, contempt lipid prices being down 14%. This besides allows the institution to person a debased reinvestment rate, preserving much currency travel to instrumentality to shareholders.

In its caller net report, Diamondback Energy, Inc. (NASDAQ:FANG) highlighted that it is adjacent to its $1.5 cardinal nett indebtedness target, and arsenic a result, it expects to instrumentality astir each of its disposable currency to shareholders. The large preference, however, is the accordant allocation of basal and adaptable dividends, but the institution besides sees an accidental successful buying backmost shares, fixed the marketplace conditions.

Diamondback Energy, Inc. (NASDAQ:FANG) is simply a Texas-based autarkic lipid and earthy state company.

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READ NEXT: 15 Blue Chip Dividend Stocks to Build a Passive Income Portfolio and 15 Dividend Stocks That Outperform the S&P 500.

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