Diamondback Energy, Inc. Announces Midland Basin Acquisition

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Diamondback Energy (FANG) PT Lowered to $245 at Raymond James

February 19, 2025 5:25 AM EST

Raymond James analyst John Freeman lowered the price target on Diamondback Energy (NASDAQ: FANG) to $245.00 (from $256.00) while maintaining a Strong Buy rating.

The analyst comments "Were updating estimates following FANGs asset purchase from Double Eagle. FANG purchased ~40,000 net acres... More

Diamondback Energy (FANG) PT Lowered to $201 at Mizuho

February 18, 2025 4:17 PM EST

Mizuho analyst Nitin Kumar lowered the price target on Diamondback Energy (NASDAQ: FANG) to $201.00 (from $207.00) while maintaining a Outperform rating.

The analyst comments "We update our model for the Double Eagle acquisition, lowering NAV based PT by ~3% to $201 but maintain an... More

Citi Reiterates Neutral Rating on Diamondback Energy (FANG)

February 18, 2025 11:04 AM EST

Citi analyst Scott Gruber reiterated a Neutral rating and $195.00 price target on Diamondback Energy (NASDAQ: FANG)

The analyst comments "This morning, FANG announced the acquisition of Midland assets from Double Eagle for $3b of cash and 6.9mm shares (total value of... More

Barclays on Diamondback Energy (FANG): 'Double Eagle acquisition more targeted than anticipated'

February 18, 2025 11:03 AM EST

Barclays analyst Betty Jiang reiterated an Overweight rating and $210.00 price target on Diamondback Energy (NASDAQ: FANG)

The analyst comments "Double Eagle acquisition more targeted than anticipated. After much media speculation, FANG agreed to acquired a portion of Double Eagle for $3bn... More

Texas Capital Securities Reiterates Buy Rating on Diamondback Energy (FANG)

February 18, 2025 10:03 AM EST

Texas Capital Securities analyst Derrick Whitfield reiterated a Buy rating and $213.00 price target on Diamondback Energy (NASDAQ: FANG).

The analyst comments "Diamondback Energy (FANG, Buy) announced the acquisition of Midland Basin producer Double Eagle for $4.1B. On the positive side, the... More