Diamondback Energy price target raised to $77 from $72 at SunTrust SunTrust raised Diamondback's price target to $77 from $72 following the acquisition of 4,684 net acres in southern Martin County. The firm expects several wells to prove up resource potential near-term and reiterates its Buy rating.
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.