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

Tipranks - Tipranks - Thu May 7, 5:32AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Diamondback (FANG) and MPLX (MPLX).

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Diamondback (FANG)

Morgan Stanley analyst Devin McDermott maintained a Buy rating on Diamondback today and set a price target of $224.00. The company’s shares closed last Tuesday at $206.18, close to its 52-week high of $214.50.

According to TipRanks.com, McDermott is a 5-star analyst with an average return of 11.3% and a 60.0% 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 $222.78 average price target, which is a 6.0% upside from current levels. In a report issued on April 22, Scotiabank also maintained a Buy rating on the stock with a $195.00 price target.

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MPLX (MPLX)

Morgan Stanley analyst Robert Kad maintained a Hold rating on MPLX yesterday and set a price target of $62.00. The company’s shares closed last Tuesday at $55.66.

According to TipRanks.com, Kad is a 4-star analyst with an average return of 9.9% and a 61.7% success rate. Kad covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Hess Midstream Partners. ;'>

MPLX has an analyst consensus of Moderate Buy, with a price target consensus of $61.70.

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