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Analysts Offer Insights on Energy Companies: Diamondback (FANG) and Gulfport Energy (GPOR)

Tipranks - Thu Feb 26, 6:12AM CST

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Diamondback (FANGResearch Report) and Gulfport Energy (GPORResearch Report) with bullish sentiments.

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Diamondback (FANG)

Morgan Stanley analyst Devin McDermott maintained a Buy rating on Diamondback today and set a price target of $171.00. The company’s shares closed last Tuesday at $172.52.

According to TipRanks.com, McDermott is a 5-star analyst with an average return of 12.3% and a 60.1% success rate. McDermott covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Cheniere Energy Partners. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $183.21 average price target, which is a 4.7% upside from current levels. In a report issued on February 10, Barclays also maintained a Buy rating on the stock with a $178.00 price target.

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Gulfport Energy (GPOR)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Gulfport Energy today and set a price target of $250.00. The company’s shares closed last Tuesday at $196.37, close to its 52-week high of $201.18.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 14.5% and a 63.9% success rate. Sorbara covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Crescent Energy Company Class A, and Comstock Resources. ;'>

Gulfport Energy has an analyst consensus of Moderate Buy, with a price target consensus of $231.43, which is a 17.0% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock.

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