Piper Sandler Remains Bullish on Diamondback Energy (FANG)

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the best cheap strong buy stocks to buy now. On August 22, Piper Sandler analyst Mark Lear maintained a Buy rating on Diamondback Energy, Inc. (NASDAQ:FANG) and set a price target of $222.00.

Diamondback Energy, Inc. (NASDAQ:FANG) reported its fiscal Q2 2025 results on August 4, with the average oil production for the quarter reaching 495.7 MBO/d (919.9 MBOE/d), and net cash provided by operating activities of $1.7 billion.

The company also reported operating cash flow before working capital changes of $2.1 billion, and free cash flow of $1.2 billion.

Diamondback Energy, Inc. (NASDAQ:FANG) declared a Q2 2025 base cash dividend of $1.00 per share payable on August 21, which “implies a 2.7% annualized yield based on August 1, 2025, closing share price of $146.14.”

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company that is involved in the development, acquisition, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. The company’s operations are divided into the Upstream and Midstream Services segments.

The Upstream segment manages the Permian Basin operations in West Texas, while the Midstream Services segment is involved in the Midland and Delaware Basins.

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