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Analysts Offer Insights on Energy Companies: Diamondback (FANG), Targa Resources (TRGP) and Kodiak Gas Services, Inc. (KGS)

Tipranks - Tipranks - Wed May 13, 7:08AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Diamondback (FANG), Targa Resources (TRGP) and Kodiak Gas Services, Inc. (KGS) with bullish sentiments.

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Diamondback (FANG)

Goldman Sachs analyst Neil Mehta maintained a Buy rating on Diamondback yesterday and set a price target of $227.00. The company’s shares closed last Monday at $196.15.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 12.0% and a 62.2% success rate. Mehta covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Par Pacific Holdings. ;'>

Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $228.39, implying a 19.9% upside from current levels. In a report issued on April 27, Bank of America Securities also maintained a Buy rating on the stock with a $208.00 price target.

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Targa Resources (TRGP)

In a report released yesterday, Elvira Scotto from RBC Capital reiterated a Buy rating on Targa Resources, with a price target of $281.00. The company’s shares closed last Monday at $253.18.

According to TipRanks.com, Scotto is a 5-star analyst with an average return of 16.9% and a 69.8% success rate. Scotto covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Western Midstream Partners. ;'>

Targa Resources has an analyst consensus of Strong Buy, with a price target consensus of $272.79, implying a 9.3% upside from current levels. In a report issued on May 7, TipRanks – Anthropic also upgraded the stock to Buy with a $277.00 price target.

Kodiak Gas Services, Inc. (KGS)

In a report released today, Selman Akyol from Stifel Nicolaus maintained a Buy rating on Kodiak Gas Services, Inc., with a price target of $84.00. The company’s shares closed last Monday at $75.52.

According to TipRanks.com, Akyol is a top 100 analyst with an average return of 15.3% and a 74.0% success rate. Akyol covers the NA sector, focusing on stocks such as Enterprise Products Partners, ARKO Petroleum Corp. Class A, and Western Midstream Partners. ;'>

Currently, the analyst consensus on Kodiak Gas Services, Inc. is a Strong Buy with an average price target of $66.63, implying a -9.5% downside from current levels. In a report issued on May 8, TipRanks – xAI also upgraded the stock to Buy with a $80.00 price target.

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