Market Overview

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

Share:
Related
Simmons & Co Says E&P Names Are Mispriced, Picks 9 Favorites To Play
Darkest Before Dawn? This Analyst Just Went Long Oil E&Ps
Tesla, Apple Supplier PTs Hiked; Priceline PT Cut (Investor's Business Daily)

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
May 2016Goldman SachsMaintainsBuy
May 2016WunderlichMaintainsBuy
Mar 2016Goldman SachsMaintainsBuy

View More Analyst Ratings for FANG
View the Latest Analyst Ratings

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

 

Related Articles (FANG)

View Comments and Join the Discussion!