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Fly News Breaks for April 15, 2015
FANG
Apr 15, 2015 | 06:42 EDT
Goldman initiated Diamondback Energy with a Conviction Buy List and a $55 price target. The firm expects Diamondback's Permian Basin assets to generate mid-30's 2015-2017 production CAGR and sees further benefits from opportunistic bolt-on acquisitions.
News For FANG 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.
