Barclays Lifts PT on Diamondback Energy (FANG) to $190 From $185 – Here’s Why

NodeGuardian

2026-03-22 08:54:33

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Barclays has increased its price target on Diamondback Energy (FANG) to $190 from $185, maintaining an Overweight rating, citing raised 2026 oil price estimates due to the Iran war. The firm believes the market underappreciates the cash flow benefits for exploration and production companies. Separately, Piper Sandler also raised its price target for FANG to $248 from $215, attributing the increase to a higher mid-cycle crude price forecast of $75 per barrel due to anticipated lasting supply impacts from the Iran conflict.

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