Diamondback Energy, Inc. Announces Midland Basin Acquisition
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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
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
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
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
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
