Diamondback Energy price target raised to $114 from $93 at Sterne Agee Sterne Agee increased its price target on Diamondback Energy (FANG) following the Viper Energy Partners (VNOM) IPO. The firm continues to value the company's E&P segment at $67 per share and its mineral rights at $47 per share, based on Viper's market capitalization. The firm thinks the company's E&P segment is undervalued at current levels and keeps a Buy rating on the shares.
Diamondback, Viper sell-offs 'significantly overdone,' says Wunderlich Wunderlich believes the recent sell-offs in shares of Diamondback Energy (FANG) and Viper Energy (VNOM) are "significantly overdone." The firm thinks recent news from Viper suggests that Diamondback's work in the Permian is continuing to provide strong growth in production and cash flow. It keeps a Buy rating on Diamondback with a $110 price target.