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Fly News Breaks for September 19, 2019
FANG, VNOM
Sep 19, 2019 | 06:52 EDT
JPMorgan analyst Michael Glick started Viper Energy (VNOM) with an Overweight rating and $34 price target. The company's "symbiotic relationship" with Diamondback Energy (FANG) brings "significant" visibility, Glick tells investors in a research note.
News For VNOM;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.
