• 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
- Diamondback Energy Announces Pricing of Upsized Secondary Common Stock Offering • GlobeNewswire Inc. • 09/20/2024 03:35:56 AM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 09/19/2024 09:10:17 PM
- Diamondback Energy Announces Launch of Secondary Common Stock Offering • GlobeNewswire Inc. • 09/19/2024 08:55:01 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 09/19/2024 08:51:07 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 09/19/2024 08:24:55 PM
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:07:51 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:21:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:20:51 PM
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 09:05:22 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 08:13:40 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 08:09:29 PM
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