Wall Street Bullish on Diamondback Energy (FANG), Since Q3 2025 Results

​Diamondback Energy, Inc. (NASDAQ:FANG) is one of the Cheap NASDAQ Stocks to Buy Now. On December 2, Neil Mehta from Goldman Sachs reiterated a Buy rating on Diamondback Energy, Inc. (NASDAQ:FANG) with a $179 price target. On the same day, UBS reiterated a Buy rating on the stock with a price target of $174.

​Wall Street has had a positive sentiment on the stock since the company topped estimates during its fiscal Q3 2025 earnings release on November 3. The share price has gained more than 12% since the release. During the quarter, the company grew its revenue by 48.36% year-over-year to $3.92 billion, surpassing estimates by $394.29 million. Moreover, the EPS of $3.08 also topped the consensus by $0.14. The performance was driven by increased average oil production of 503.8 MBO/d, up from 495.7 MBO/d during the quarter.

​In addition, Diamondback Energy, Inc. (NASDAQ:FANG) also raised its full-year production guidance to 495 MBO/d – 498 MBO/d, up from the previous range of 485 – 492 MBO/d. The annual BOE guidance was also raised further from the 2% increase in Q2 2025 to 910 MBOE/d – 920 MBOE/d in Q3 2025.

​Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company that focuses on exploring, acquiring, and developing onshore unconventional reserves in the Permian Basin, West Texas.

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