Diamondback Energy price target raised to $78 from $73 at Northland Securities Northland raised Diamondback's price target to $78 from $73 due to additional horizontal drilling locations and the impressive reserve report. Shares are Outperform rated.
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.