Citigroup resumed coverage on Diamondback Energy with a new price target
$FANG
Oil & Gas Production
Energy
Citigroup resumed coverage of Diamondback Energy with a rating of Neutral and set a new price target of $195.00
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Recent Analyst Ratings for $FANG
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2025 | $190.00 | Peer Perform → Outperform | Wolfe Research |
| 12/2/2024 | $227.00 | Buy | Goldman |
| 10/14/2024 | $195.00 | Neutral | Citigroup |
| 10/4/2024 | $205.00 → $215.00 | Market Perform → Outperform | BMO Capital Markets |
| 10/2/2024 | $216.00 → $210.00 | Equal Weight → Overweight | Barclays |
| 10/2/2024 | $167.00 → $182.00 | Overweight | JP Morgan |
| 9/16/2024 | $185.00 | Hold | Jefferies |
| 7/18/2024 | Peer Perform | Wolfe Research |
Diamondback Energy Prices Offering of Senior Notes
MIDLAND, Texas, March 06, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") announced today that it has priced an offering (the "Notes Offering") of $1,200,000,000 in aggregate principal amount of 5.550% senior notes that will mature on April 1, 2035 (the "Notes"). The price to the public is 99.937% of the principal amount of the Notes. Diamondback intends to use the net proceeds from the Notes Offering for general corporate purposes, including, without limitation, paying a portion of the cash consideration for the pending acquisition of certain subsidiaries of Double Eagle IV Midco, LLC and paying fees, costs and expenses related thereto. The Notes Offer
Letter to Stockholders Issued by Diamondback Energy, Inc.
MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. 2024: Year in Review 2024 was arguably the most transformational year in the Company's history. In February, we announced the $26 billion merger with Endeavor Energy, creating the must own Permian Pure Play. The merger not only made Diamondback bigger, with a combined ~722
Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2024 Financial and Operating Results; Increases Base Dividend
MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Average production of 475.9 MBO/d (883.4 MBOE/d)Net cash provided by operating activities of $2.3 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.3 billionCash capital expenditures of $933 millionFree Cash Flow (as defined and reconciled below) of $1.3 billion; Adjusted Free Cash Flow (as defined and reconciled below) of $1.4 billionIncreased annual base dividend by 11% to $4.00
Diamondback Energy upgraded by Wolfe Research with a new price target
Wolfe Research upgraded Diamondback Energy from Peer Perform to Outperform and set a new price target of $190.00
Goldman resumed coverage on Diamondback Energy with a new price target
Goldman resumed coverage of Diamondback Energy with a rating of Buy and set a new price target of $227.00
Citigroup resumed coverage on Diamondback Energy with a new price target
Citigroup resumed coverage of Diamondback Energy with a rating of Neutral and set a new price target of $195.00
Director Tsuru Frank D. bought $313,020 worth of shares (2,000 units at $156.51), increasing direct ownership by 54% to 5,730 units (SEC Form 4)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Director West Steven E bought $975,960 worth of shares (6,000 units at $162.66), increasing direct ownership by 98% to 12,135 units (SEC Form 4)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Director Reeves Robert K bought $509,760 worth of shares (2,832 units at $180.00), increasing direct ownership by 339% to 3,667 units (SEC Form 4)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Exec. VP & COO Wesson Daniel N was granted 38,561 shares and covered exercise/tax liability with 15,121 shares, increasing direct ownership by 36% to 89,117 units (SEC Form 4)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Chief Executive Officer Stice Travis D. covered exercise/tax liability with 51,696 shares, disposed of 16,322 shares and was granted 137,519 shares, increasing direct ownership by 526% to 102,145 units (SEC Form 4)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Director Tsuru Frank D. bought $313,020 worth of shares (2,000 units at $156.51), increasing direct ownership by 54% to 5,730 units (SEC Form 4)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Diamondback Energy Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits
8-K - Diamondback Energy, Inc. (0001539838) (Filer)
SEC Form FWP filed by Diamondback Energy Inc.
FWP - Diamondback Energy, Inc. (0001539838) (Subject)
SEC Form 424B5 filed by Diamondback Energy Inc.
424B5 - Diamondback Energy, Inc. (0001539838) (Filer)
Letter to Stockholders Issued by Diamondback Energy, Inc.
MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. 2024: Year in Review 2024 was arguably the most transformational year in the Company's history. In February, we announced the $26 billion merger with Endeavor Energy, creating the must own Permian Pure Play. The merger not only made Diamondback bigger, with a combined ~722
Viper Energy Partners LP Announces Retirement of Board Member
MIDLAND, Texas, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that Rosalind Redfern Grover, who has served as a member of the Board of Directors of Viper's General Partner since 2014, has elected to retire from the Board, effective at the end of the year. "On behalf of the entire Board and management team, I would like to thank Rosalind for her over eight years of service as a member of the Board. Her leadership and experience in the oil and gas industry was instrumental in helping Viper pave the way as a public company in the minerals and royaltie
Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2024 Financial and Operating Results; Increases Base Dividend
MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Average production of 475.9 MBO/d (883.4 MBOE/d)Net cash provided by operating activities of $2.3 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.3 billionCash capital expenditures of $933 millionFree Cash Flow (as defined and reconciled below) of $1.3 billion; Adjusted Free Cash Flow (as defined and reconciled below) of $1.4 billionIncreased annual base dividend by 11% to $4.00
Double Eagle IV Midco, LLC Enters Into Definitive Purchase Agreement With Diamondback Energy, Inc.
-- Diamondback Energy Acquires Certain Midland Basin Entities from Double Eagle -- Double Eagle IV Midco, LLC ("Double Eagle") today announced that it has entered into a definitive purchase agreement to divest its equity interest in certain subsidiaries to Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") in exchange for $3 billion of cash and approximately 6.9 million shares of Diamondback common stock. Cody Campbell and John Sellers, Co-Chief Executive Officers of Double Eagle, commented "We are excited to announce our agreement with Diamondback. We believe our team has built a truly standout asset that further increases Diamondback's high-quality inventory. It was important to us
Viper Energy, Inc., A Subsidiary of Diamondback Energy, Inc., Announces Drop Down Transaction and Operations Update
MIDLAND, Texas, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today provided an update on Q4 2024 financial and operating results. FOURTH QUARTER HIGHLIGHTS Q4 2024 average daily production of 29,859 bo/d (56,109 boe/d)Q4 2024 average unhedged realized prices of $69.91 per barrel of oil, $0.84 per Mcf of natural gas, and $22.15 per barrel of natural gas liquidsDuring the fourth quarter of 2024, the Company recorded total operating income of $228.7 millionDeclared Q4 2024 combined base-plus-variable dividend of $0.65 per Class A common share; payable on March 13
Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.
SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)
Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.
SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)
Amendment: SEC Form SC 13G/A filed by Diamondback Energy Inc.
SC 13G/A - Diamondback Energy, Inc. (0001539838) (Subject)