FANG to sell mineral and royalty interest to Viper in a cash and stock deal to reduce debt after a $26 billion acquisition of Endeavor Energy Resources.
Diamondback Energy (FANG) closed the most recent trading day at $177.61, moving +1.62% from the previous trading session.
U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months.
The latest trading day saw Diamondback Energy (FANG) settling at $172.42, representing a +1.64% change from its previous close.
Wolfe Research analyst Doug Leggate upgraded Diamondback Energy to Outperform from Peer Perform with a $190 price target. Diamondback gained premature recognition for synergies expected from its Endeavor acquisition after announcing the deal last year, the analyst tells investors in a research note. The firm added that the recent pullback resets the investment case to levels where associated value is a low-cost option.
Diamondback Energy (FANG) reachead $158.34 at the closing of the latest trading day, reflecting a +0.2% change compared to its last close.
Occidental Petroleum (OXY 0.58%) and Diamondback Energy (FANG 1.07%) are two of the leading producers in the prolific Permian Basin that runs through parts of Texas and New Mexico. That basin has almost single-handedly turned America into an oil-producing powerhouse.
Diamondback, Halliburton and VoltaGrid collaborate to deploy electric simul-frac fleets in the Permian Basin, enhancing efficiency and reducing emissions.
Diamondback Energy and Exxon Mobil are major energy production companies. They both have generous shareholder capital return programs. I compare them side-by-side and share which one I think is the better buy right now.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Diamondback (FANG) reported earnings 30 days ago. What's next for the stock?
Diamondback Energy's share price has declined due to a divergence in market conditions, despite the overall market strength and its robust market capitalization. The company remains committed to capital allocation for shareholder returns, even in a weaker oil price environment. The primary risk to Diamondback Energy's investment thesis is the volatility of oil prices, which impacts profitability and future shareholder returns.