• 9:54 AM
Diamondback +5% as higher production guidance prompts analyst praise
Diamondback Energy's (FANG ) target price is raised to a Street-high
$80 from $74 at Mizuho, which cites FANG's better than expected
guidance in its operations update yesterday.
The firm says FANG's well results continue to impress, particularly
the Nail Ranch 2601H Wolfcamp B well in Martin County, which
resembles some of FANG's best wells to date given its short lateral;
FANG also continues to add acreage, picking up another 1,500 net
acres in Martin County and 126 net mineral acres at the Spanish
Trail lease (Briefing.com).
Brean Capital also raises its target price, to $73 from $66.
Recent FANG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:06:24 PM
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