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FANG

Diamondback Energy

$94.70

-0.34 (-0.36%)

, VNOM

Viper Energy

$16.36

-0.07 (-0.43%)

12:02
10/10/16
10/10
12:02
10/10/16
12:02

Diamondback Energy reports Q3 average daily production 44,923 boe/d, up 22%

Diamondback's (FANG) average daily production during Q3 2016 was 44,923 boe/d, of which 73% was oil, up 22% from Q2 2016 average daily production of 36,841 boe/d. Average realized prices during Q3 2016 were $42.11 per barrel of oil, $2.37 per Mcf of natural gas and $13.76 per barrel of natural gas liquids. Diamondback's subsidiary, Viper Energy Partners LP (VNOM), had Q3 2016 production of 6,255 boe/d, up 16% from Q2 2016 average daily production of 5,380 boe/d. Viper's Q3 2016 average realized prices were $41.97 per barrel of oil, $2.39 per Mcf of natural gas and $12.56 per barrel of natural gas liquids. In September 2016, Diamondback completed its previously announced acquisition in the Southern Delaware Basin.

FANG

Diamondback Energy

$94.70

-0.34 (-0.36%)

VNOM

Viper Energy

$16.36

-0.07 (-0.43%)

FANG Diamondback Energy
$94.70

-0.34 (-0.36%)

10/05/16
MZHO
10/05/16
INITIATION
Target $105
MZHO
Buy
Diamondback Energy initiated with a Buy at Mizuho
Mizuho analyst Timothy Rezvan initiated Diamondback Energy with a Buy and a $105 price target.
08/29/16
WILL
08/29/16
INITIATION
Target $105
WILL
Hold
Diamondback Energy initiated with a Hold at Williams Capital
Williams Capital analyst Gabriele Sorbara started Diamondback Energy with a Hold rating and $105 price target.
08/08/16
ROTH
08/08/16
UPGRADE
Target $104
ROTH
Buy
Diamondback Energy upgraded to Buy from Neutral at Roth Capital
Roth Capital analyst John White upgraded Diamondback Energy to Buy from Neutral, citing the company's entrance into the Southern Delaware Basin, and noting that Diamondback Energy accelerated its drilling and completion activity, added its fourth drilling rig last month with the intention of a fifth rig, should commodity prices strengthen further. The analyst also raised his price target on the shares to $104 from $85.
08/03/16
WELS
08/03/16
NO CHANGE
WELS
Diamondback shares should react positively to well results, says Wells Fargo
Wells Fargo says that Howard County well results released by Diamondback Energy were "solid" and among the best results in the county to date. The firm expects the company's shares to react positively to the news. It keeps an Outperform rating on the stock.
VNOM Viper Energy
$16.36

-0.07 (-0.43%)

10/05/16
MZHO
10/05/16
INITIATION
Target $17
MZHO
Neutral
Viper Energy initiated with a Neutral at Mizuho
Mizuho analyst Timothy Rezvan initiated Viper Energy with a Neutral and a $17 price target.
07/11/16
PIPR
07/11/16
INITIATION
Target $22
PIPR
Overweight
Viper Energy assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst Pearce Hammond assumed coverage of Viper Energy with an Overweight rating and $22 price target. The rating and price target are unchanged.
01/25/16
TUDR
01/25/16
UPGRADE
TUDR
Buy
Viper Energy upgraded to Buy from Accumulate at Tudor Pickering

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