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Fly News Breaks for July 15, 2019
CXO, PE, FANG, CPE
Jul 15, 2019 | 08:34 EDT
Jefferies analyst Mark Lear downgraded Callon Petroleum to Hold from Buy and lowered his price target for the shares to $7 from $11. The analyst believes the company will be challenged to deliver free cash flow. His favorite ways to play the Midland are Diamondback Energy (FANG), Parsley Energy (PE), and Concho Resources (CXO).
News For CPE;FANG;PE;CXO From the Last 2 Days
FANG
Apr 23, 2024 | 09:58 EDT
Stifel raised the firm's price target on Diamondback Energy to $229 from $224 and keeps a Buy rating on the shares. The firm is updating its commodity estimates ahead of Q1 earnings to reflect strip prices through 2026 and revising its production and capital forecasts to reflect discussions with management, the analyst tells investors. Despite elevated valuations, oil and gas macro tailwinds continue to support sector outperformance, the firm adds.