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Fly News Breaks for September 25, 2019
FANG, VNOM
Sep 25, 2019 | 05:50 EDT
Goldman Sachs analyst Brian Singer started Viper Energy Partners (VNOM) with a Buy rating and 12 month target price of $35. The analyst sees potential for near-term production and cash flow beats as the Permian Basin wells in which the company has an "above-average" net revenue interest are brought online through year-end. Further, he believes "there is still room for greater credit" for Viper Energy's medium-term advantages from its parent Diamondback Energy (FANG) in driving relatively lower risk Permian growth.
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.
