Diamondback Energy Upgraded to Buy by Roth Capital

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Roth Capital upgraded Diamondback Energy from Neutral to Buy and raised its price target from $205 to $212, implying over 15% upside. The firm cited crude oil prices nearing a short-term bottom and a tenuous Middle East ceasefire, noting many oil-focused E&P stocks have fallen 15% to 25% from year-to-date peaks, creating attractive entry points. Roth expects oil prices to stabilize around $75 per barrel in the near term.

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Diamondback Energy Inc
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Roth Capital upgraded Diamondback Energy to Buy and raised price target to $212, citing attractive entry points after recent declines.