Diamondback Energy files to sell 2M shares of common stock for holders The shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy (GPOR). The Wexford entities intend to sell 1M shares and Gulfport intends to sell 1M shares. All of the net proceeds will go to the selling stockholders. Credit Suisse Securities is acting as sole book-running manager for the offering.
Gulfport Energy price target raised to $60 from $50 at Stifel Stifel increased its price target on Gulfport after the company reported higher than expected Q1 production and agreed to acquire Paloma Partners III, LLC for approximately $300M. The firm keeps a Buy rating on the stock.