Analysts Conflicted on These Materials Names: Diamondback (FANG) and EOG Resources (EOG)


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

Diamondback (FANG)

In a report released today, Drew Venker from Morgan Stanley maintained a Buy rating on Diamondback, with a price target of $131.00. The company’s shares closed last Monday at $86.40, close to its 52-week low of $82.32.

According to TipRanks.com, Venker ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.9% and a 40.5% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Gulfport Energy Corp.

Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $140.50, a 63.0% upside from current levels. In a report issued on September 23, Citigroup also maintained a Buy rating on the stock with a $118.00 price target.

See today’s analyst top recommended stocks >>

EOG Resources (EOG)

Morgan Stanley analyst Devin McDermott maintained a Hold rating on EOG Resources today and set a price target of $95.00. The company’s shares closed last Monday at $71.36, close to its 52-week low of $69.10.

According to TipRanks.com, McDermott is a 3-star analyst with an average return of 3.3% and a 42.0% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Occidental Petroleum, and Cheniere Energy Inc.

Currently, the analyst consensus on EOG Resources is a Strong Buy with an average price target of $102.90.

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