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