5 Best Undervalued Energy Stocks to Buy According to Analysts

4. Diamondback Energy, Inc. (NASDAQ:FANG)

Number of Hedge Fund Holders: 52

Average Analyst Price Target as of April 5: $173.06

Average Upside Potential as of April 5: 21.04%

PE Ratio (TTM) as of April 5: 5.81

Diamondback Energy, Inc. (NASDAQ:FANG) was spotted on 52 hedge funds’ portfolios at the end of Q4 2022 that disclosed positions worth $1.11 billion in the company. As of December 31, Yacktman Asset Management is the leading shareholder in the company and has a stake worth $180.8 million.

On March 30, Stifel analyst Derrick Whitfield revised his price target on Diamondback Energy, Inc. (NASDAQ:FANG) to $172 from $176 and maintained a Buy rating on the shares.

Over the past 3 months, Diamondback Energy, Inc. (NASDAQ:FANG) has received 14 Buy ratings and 1 Hold rating from Wall Street analysts. The stock has a consensus Strong Buy rating and an average price target of $173.06, which implies an upside of 21.04% from current levels. As of April 5, Diamondback Energy, Inc. (NASDAQ:FANG) is trading at a TTM PE ratio of 5.81 and is placed fourth on our list of the best undervalued energy stocks to buy according to hedge funds.