Sterne Agee Maintains Neutral Rating on Diamondback Energy Citing Viability of Five Rig Program
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
|Jun 2015||Stephens & Co.||Initiates Coverage on||Overweight|
|Jun 2015||SunTrust Robinson Humphrey||Maintains||Buy|
|Jun 2015||Oppenheimer||Initiates Coverage on||Perform|
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