12:35 AM EST, 11/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $176, cut by $5, reflects a combination of our relative valuation, DCF and NAV models, each weighted equally. On a relative basis, we apply a 6x multiple of EV to projected 2026 EBITDA (about in line with recent experience) and yield a value of $156 per share. Our DCF model, using free cash flow growth at 11% for 10 years, terminal growth of 2.5%, and a weighted average cost of capital of 6.8%, finds intrinsic value of $190 per share. Finally, our NAV model yields a value of $182 per share. We cut our 2025 EPS estimate by $0.56 to $12.70, and similarly cut 2026's by $1.80 to $13.95. FANG delivered production above guidance levels, and its cash cost per barrel of oil equivalent continues to improve. We recognize that the consensus view on WTI crude prices is quite dour in 2026, calling for a 25% reduction from projected 2025 levels, but we think the bearishness is overdone and that commodity markets may surprise to the upside. Shares yield 2.8%.