UPDATE: Sterne Agee Maintains Neutral Rating on Diamondback Energy, Inc. Citing Viability of Five Rig Program

In a report published on Monday, Sterne Agee analyst Tim Rezvan maintained a neutral rating on Diamondback Energy, Inc.

. 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.