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Fly News Breaks for December 11, 2018
FANG
Dec 11, 2018 | 07:22 EDT
Citi analyst Robert Morris resumed coverage of Diamondback Energy with a Buy rating and $155 price target. The analyst projects 2019 total production will be 288 MBOE/d, equating to 30% year-over-year "organic" production growth.
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.
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