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.
Diamondback Energy named top pick at SunTrust SunTrust says its latest analysis reinforces its view that Diamondback's Midland Basin acreage is among some of the most economic in the industry. The firm says the company has solid management and strong financials. It raised its price target on the name to $95 from 494 and keeps a Buy rating.