Morgan Stanley lowers Diamondback Energy's (FANG.US) target price to $184 and maintains a "buy" rating.

Morgan Stanley analyst Devin McDermott released a research report, maintaining a "buy" rating on Diamondback Energy (FANG.US) with the target price lowered from $186 to $184. In the report, the analyst pointed out that the bank is updating the target prices of North American energy stocks within their research scope. Despite expecting the company to announce a "robust" operational report for the third quarter, cash flow may be generally lower than market expectations due to weakening natural gas and natural gas liquids prices. Susquehanna analyst Charles Minervino also maintained a "buy" rating on Diamondback Energy in a recent research report, but raised the stock's target price from $182 to $188. The analyst stated that the target price increase reflects the company's updated adjustments to profit expectations for the exploration and production sector before the third quarter. At the same time, the company also revised down its fourth quarter WTI crude oil price expectation to $62.5 per barrel and kept its 2026 price expectation at $65 per barrel unchanged. Diamondback Energy is an independent oil and gas company focused on exploring, acquiring, and developing onshore unconventional energy resources in the Permian Basin in West Texas.