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Stock Market & Financial Investment News

News Breaks
February 20, 2014
06:01 EDTFANGDiamondback Energy to acquire additional working interest in Midland basin
Diamondback Energy announced the company has entered into a definitive purchase agreement to acquire an additional 1,858 net leasehold acres in Martin County, Texas, representing a 28.8% working interest, for approximately $114.3M, subject to certain adjustments. On Tuesday, February 18, the company announced that it had entered into definitive purchase agreements to acquire 6,450 gross acres in Martin County for approximately $174M and that under the terms of the existing joint operating agreement the company had made offers to the remaining working interest owners to acquire their interests in the acreage for the same proportionate price. As a result of the additional purchase announced today, Diamondback has now entered into definitive agreements to acquire an aggregate of 4,683 net acres, representing a 72.6% working interest, for an aggregate purchase price of $288.3M, subject to certain adjustments.
News For FANG From The Last 14 Days
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February 1, 2016
08:41 EDTFANGDiamondback 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.
January 29, 2016
10:05 EDTFANGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
06:14 EDTFANGDiamondback Energy initiated with an Outperform at BMO Capital
Target $74.

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