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Sterne Agee Maintains Neutral Rating on Diamondback Energy Citing Viability of Five Rig Program

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In a report published on Monday, Sterne Agee analyst Tim Rezvan maintained a Neutral rating on Diamondback Energy (NASDAQ: FANG).

In the report, Sterne Agee noted, "We believe the company's recently upsized $180 million credit facility (paid down with proceeds from their May equity issuance) and our estimate of $246 million in discretionary CF in 2014 can support a five-rig program".

Diamondback Energy closed on Friday at $35.89.

Latest Ratings for FANG

DateFirmActionFromTo
Apr 2015Goldman SachsInitiates Coverage onBuy
Apr 2015SunTrust Robinson HumphreyMaintainsBuy
Mar 2015Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for FANG
View the Latest Analyst Ratings

Posted-In: Sterne Agee Tim RezvanAnalyst Color Reiteration Analyst Ratings

 

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