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Analysts Are Bullish on These Energy Stocks: Kinetik (KNTK), Diamondback (FANG)

Tipranks - Sat Jun 6, 12:28PM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Kinetik (KNTK), Diamondback (FANG) and EQT (EQT) with bullish sentiments.

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Kinetik (KNTK)

In a report released yesterday, Elvira Scotto from RBC Capital maintained a Buy rating on Kinetik, with a price target of $53.00. The company’s shares closed last Friday at $45.55.

According to TipRanks.com, Scotto is a 5-star analyst with an average return of 16.7% and a 69.4% success rate. Scotto covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Western Midstream Partners. ;'>

Currently, the analyst consensus on Kinetik is a Strong Buy with an average price target of $51.73, a 12.9% upside from current levels. In a report issued on May 27, Bank of America Securities also maintained a Buy rating on the stock.

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Diamondback (FANG)

William Blair analyst Neal Dingmann maintained a Buy rating on Diamondback today. The company’s shares closed last Friday at $197.15.

According to TipRanks.com, Dingmann is a 2-star analyst with an average return of 0.6% and a 44.5% success rate. Dingmann covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Mach Natural Resources LP, and Riley Exploration Permian. ;'>

Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $232.05, a 14.6% upside from current levels. In a report issued on May 21, TipRanks – PerPlexity also upgraded the stock to Buy with a $236.00 price target.

EQT (EQT)

Wells Fargo analyst Sam Margolin maintained a Buy rating on EQT yesterday and set a price target of $79.00. The company’s shares closed last Friday at $54.17, close to its 52-week high of $56.66.

According to TipRanks.com, Margolin is a 5-star analyst with an average return of 13.5% and a 71.4% success rate. Margolin covers the NA sector, focusing on stocks such as Tamboran Resources Corporation, California Resources Corp, and HF Sinclair Corporation. ;'>

EQT has an analyst consensus of Strong Buy, with a price target consensus of $70.05, representing a 26.9% upside. In a report issued on May 21, BMO Capital also maintained a Buy rating on the stock with a $70.00 price target.

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