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 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.