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Fly News Breaks for August 8, 2016
FANG
Aug 8, 2016 | 08:22 EDT
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.
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.
