Diamondback Energy 4.5M share Secondary priced at $29.25 The deal size was raised to 4.5M shares from 4M shares. Credit Suisse, Raymond James, Tudor Pickering, Wells Fargo, Capital One and Howard Weil acted as joint book running managers for the offering.
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.