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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:31 EDTFANGDiamondback Energy files to sell 5M shares of common stock
Diamondback intends to use the net proceeds from this offering and borrowings under its revolving credit facility to fund its previously announced pending acquisition of certain leasehold interests in the Permian Basin. To the extent the pending acquisition is not consummated, or the actual purchase price is less than the net proceeds from this offering, Diamondback intends to use any remaining net proceeds to fund a portion of its exploration and development activities and for general corporate purposes, which may include leasehold interest and property acquisitions and working capital. Credit Suisse Securities is acting as sole book-running manager for the offering.
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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