Bernstein analyst Bob Brackett raised the firm’s price target on Diamondback Energy to $238 from $236 and keeps an Outperform rating on the shares. The firm notes the company’s management raised production guidance with improved cost efficiency shown from lower capex and LOE guidance, both in line with Bernstein’s forecast.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FANG:
- Diamondback Energy price target raised to $255 from $249 at Truist
- Diamondback Energy price target raised to $216 from $214 at Barclays
- Diamondback Energy Earnings Report: Did it Beat Expectations?
- FANG Earnings: Diamondback Energy Little Changed after EPS Beat
- Diamondback Energy reports Q2 EPS $4.52, consensus $4.51