Diamondback Energy (FANG) Announces Updated FY16 Outlook; Offers FY17 Guidance
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Canaccord Genuity Reiterates Buy on Diamondback Energy (FANG)
October 11, 2016 10:10 AM EDTCanaccord Genuity reiterated a Buy rating on Diamondback Energy (NASDAQ: FANG), and raised the price target to $116.00 (from $103.00), after adjusting estimates. FANG reported production of 44.9 MBoe/d for Q3/16, beating the consensus estimate of 38.8 MBoe/d. New 2017 estimates of 58.4 MBoe/d come... More
KLR Group Raises Price Target on Diamondback Energy (FANG) to $136; Reiterates Buy
October 11, 2016 8:18 AM EDTKLR Group Buy Diamondback Energy (NASDAQ: FANG) price target of $139.00 (from $126.00) after adjusting estimates. FANG announced 3Q volumes of ~44.9 MBoepd, ~16% higher than ~38.6 MBoepd estimates. There is no change to KLR's 2H16 completion tempo expectation of ~50 wells. However, due to strong well performance KLR did increase 2016 volume outlook by ~8% to ~42.3 MBoepd.... More
Mizuho Securities Reiterates buy on Diamondback Energy (FANG) Following 3Q Preannouncement
October 10, 2016 8:58 AM EDTMizuho Securities reiterated a Buy rating and $105.00 price target on Diamondback Energy (NASDAQ: FANG) following the company's 3Q preannouncement. FANG also released initial 2017 estimates and expects to produce 52-58 mboe/ d from a $500-$650 million program that entails a 5-7 rig program that... More
