81 stories mentioning FANGUpdated 11d ago
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(Corrects to show no price target change in headline.)Diamondback Energy (FANG) has an average rating of overweight and mean price target of $234, according to analysts polled by FactSet.
Diamondback Energy (FANG) has an average rating of overweight and mean price target of $234, according to analysts polled by FactSet.
Matthew Kaes Van't Hof, Director, Chief Executive Officer, on August 20, 2026, sold 10,000 shares in Diamondback Energy (FANG) for $2,146,608. Following the Form 4 filing with the SEC, Van't Hof has control over a total of 115,940 common shares of the company, with 115,940 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1539838/000153983826000154/xslF345X05/wk-form4_1787601703.xml
Daniel N Wesson, Executive Vice President & COO, on August 20, 2026, sold 7,500 shares in Diamondback Energy (FANG) for $1,614,054. Following the Form 4 filing with the SEC, Wesson has control over a total of 70,789 common shares of the company, with 70,789 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1539838/000153983826000153/xslF345X05/wk-form4_1787601697.xml
US oil producers are using higher crude prices to strengthen shareholder returns and debt plans as merger interest grows, RBC Capital Markets said in a Friday note.Oil prices reached a three-week high of $87 per barrel after President Donald Trump announced a "crushing economic operation" against Iran, RBC said.Despite higher prices, public US producers have shown little interest in sharply increasing output because structural demand growth remains limited.Instead, stronger oil prices have prompted producers to focus on debt repayment and shareholder returns, while some companies are also considering opportunistic hedging strategies.Trump also signaled potential support for reviving the Keystone XL pipeline, which could transport 830,000 barrels per day of heavy crude from Canada and the Bakken to Nebraska pipeline facilities before reaching Gulf Coast refineries.RBC said uncertainty remains over how Keystone XL would compete with rising Venezuelan crude volumes at US refineries as US producers prepare to sign supply contracts with Venezuela's state-owned oil company.Over the week, oil-weighted exploration and production companies gained 10%, while gas-weighted exploration and production companies rose 2%; large-cap and small- to mid-cap producers each advanced 7%, RBC saidThe SPDR S&P Oil & Gas Exploration & Production ETF rose 5%, while WTI gained 6% and Henry Hub natural gas increased 1% over the week, according to RBC.Merger discussions remained a key investor theme, with Exxon Mobil (XOM), Chevron (CVX), APA (APA), ConocoPhillips (COP), Diamondback Energy (FANG), Devon Energy (DVN) and EOG Resources (EOG) cited as potential buyers or targets.Antero Resources (AR), EQT (EQT), Ovintiv (OVV), Matador Resources (MTDR), Permian Resources (PR) and Infinity Natural Resources (INR) were also among the names investors identified in merger discussions, RBC said.Generalist investor interest in energy increased as WTI approached $90/bbl, while investors also raised questions about budgets and rising oilfield-services costs at higher crude prices, RBC said.Near-term catalysts include Devon Energy's plans to sell assets, Expand Energy's (EXE) new chief executive, and Tamboran Resources' (TBN) first gas sales.Price: $166.00, Change: $-0.15, Percent Change: -0.09%
Diamondback Energy (FANG) has an average rating of overweight and mean price target of $233.14, according to analysts polled by FactSet.
Evolution Petroleum agreed to acquire Midland Basin mineral and royalty interests for about $16 million, adding 3,420 net royalty acres to its Permian Basin portfolio, the company said Tuesday.The deal covers interests across Reagan, Upton, Glasscock, Midland and Martin counties in Texas, with Evolution expecting to close the transaction around Aug. 21 and using an Aug. 1 effective date.Evolution plans to fund the acquisition with proceeds from a concurrent common stock offering, cash on hand and borrowings under its revolving credit facility.The acquired interests are expected to generate about $3.9 million in cash flow over the next 12 months, implying a purchase multiple of about 4.1x and a cash flow yield of about 24.6%.The company expects the deal to contribute about 20% of pro forma fiscal 2027 asset cash flow, up from less than 10% in fiscal 2026, while requiring no lifting costs, drilling capital or overhead.At about $4,678 per net royalty acre, the purchase price represents a discount to recently disclosed comparable Permian mineral and royalty transactions, Evolution said. The deal would lift its total M&R holdings to about 9,320 net royalty acres.The acquired interests cover 832 producing wells, seven completed wells, 34 drilled but uncompleted wells, 27 permitted wells and about 1,257 additional locations.Current production stands at about 210 barrels of oil equivalent per day, with 65% liquids and 35% natural gas, while operators include ExxonMobil (XOM), Diamondback Energy (FANG), ConocoPhillips (COP), APA (APA), Crescent Energy (CRGY), Double Eagle and SM Energy (SM).Price: $166.74, Change: $+1.18, Percent Change: +0.71%
Diamondback Energy (FANG) has an average rating of overweight and mean price target of $232.86, according to analysts polled by FactSet.Price: $211.37, Change: $+1.35, Percent Change: +0.64%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233, according to analysts polled by FactSet.Price: $213.28, Change: $+3.26, Percent Change: +1.55%
WhiteWater, Devon Energy (DVN), MPLX (MPLX), Diamondback Energy (FANG) and Western Midstream Partners (WES) have made a final decision to invest in their Solitude Pipeline project consisting of two 48-inch natural gas pipelines from the Permian Basin to Katy, Texas, WhiteWater said on Monday.Western Midstream released a separate statement on Monday about its decision to join the project.The project has now got long-term firm transportation agreements in place with investment-grade shippers, WhiteWater's statement said.The partners expect the project to bring scalable, long-haul natural gas transportation to support growth in the Permian Basin and to meet expanding consumption on the Gulf Coast.The pipeline will be have a flexible, modular design offering a capacity of 2.25 billion cubic feet per day from H2 2029, with that same capacity added again the next year. Further expansion from the resulting 4.5 billion Bcf/d will be possible thereafter according to market conditions.Austin,Texas-based gas asset operator WhiteWater owns 50% of the joint venture, Devon Energy 25%, MPLX 10% and Diamondback Energy, 7.5%.
Devon Energy (DVN) MPLX (MPLX), Diamondback Energy (FANG), and Western Midstream (WES), and WhiteWater, through their Solitude Pipeline System joint venture, have reached a positive final investment decision to build two 48-inch natural gas pipelines from the Permian Basin to Katy, Texas, WhiteWater said Monday.The Solitude project has secured long-term transportation agreements with shippers to support the decision, the company said.The pipeline system, expected to begin service in H2 2029, will provide an initial capacity of around 2.25 billion cubic feet per day of natural gas by late 2029, with an additional 2.25 billion in 2030, the company said.
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233, according to analysts polled by FactSet.
Matthew Kaes Van't Hof, Director, Chief Executive Officer, on August 11, 2026, sold 5,000 shares in Diamondback Energy (FANG) for $1,012,316. Following the Form 4 filing with the SEC, Van't Hof has control over a total of 125,940 common shares of the company, with 125,940 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1539838/000153983826000144/xslF345X05/wk-form4_1786564885.xml
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233.14, according to analysts polled by FactSet.
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233.14, according to analysts polled by FactSet.
Diamondback Energy (FANG) has an average rating of buy and mean price target of $233.69, according to analysts polled by FactSet.Price: $187.11, Change: $-4.76, Percent Change: -2.48%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $231.72, according to analysts polled by FactSet.Price: $187.66, Change: $-4.22, Percent Change: -2.20%
Diamondback Energy (FANG) topped Q2 operating and financial expectations and raised its full-year production outlook, TPH Energy Research said in a Tuesday note.The company produced 1.018 million barrels of oil equivalent per day, exceeding TPH Energy Research's 971,000 Boe/d estimate and the Street consensus of 979,000 Boe/d.Oil production reached 525,000 barrels per day, ahead of TPH Energy Research's 524,000 b/d estimate and the Street's 523,000 b/d forecast, according to the note.Operating cash flow before working capital totaled $3.326 billion, topping TPH Energy Research's $3.212 billion estimate and the Street's $3.157 billion forecast.Capital spending came in at $996 million, matching consensus and slightly above TPH Energy Research's $992 million estimate, the note said.TPH Energy Research said gas and natural gas liquids drove most of the quarterly outperformance, while oil production largely matched expectations. Midstream interconnections increased marketing flexibility during the quarter, according to the note.Diamondback completed more wells than expected, reducing its inventory of drilled but uncompleted wells below TPH Energy Research's forecast. The pace of turn-in-line activity accelerated late in the quarter alongside the fifth completion crew.Net debt declined $1.6 billion during the quarter to $12.3 billion, moving closer to the company's $10 billion target.Diamondback also doubled its share repurchase authorization to $16.0 billion, leaving about $9.9 billion available, according to TPH Energy Research.TPH said investors will likely focus on free cash flow allocation as leverage declines, along with industry activity levels, inflation for fixed-cost items such as casing and discussions tied to power demand and data centers.For Q3, Diamondback expects total production of 995,000 Boe/d to 1.015 million Boe/d, above TPH Energy Research's estimate of 968,000 Boe/d and the Street forecast of 984,000 Boe/d.The company guided Q3 oil production to 517,000 b/d to 527,000 b/d, compared with TPH Energy Research's estimate of 527,000 b/d and the Street expectation of 526,000 b/d.Diamondback also raised its full-year outlook, targeting total production of more than 1 million Boe/d, up from more than 972,000 Boe/d previously and above TPH Energy Research's estimate of 973,000 Boe/d and the Street forecast of 983,000 Boe/d.The company also increased its oil production target to over 522,000 b/d, from over 520,000 b/d previously, compared with TPH Energy Research's estimate of 526,000 b/d and the Street forecast of 524,000 b/d, according to the note.Price: $192.43, Change: $-6.32, Percent Change: -3.18%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $231.72, according to analysts polled by FactSet.Price: $191.03, Change: $-7.72, Percent Change: -3.88%
Diamondback Energy (FANG) has an average rating of buy and mean price target of $231.14, according to analysts polled by FactSet.Price: $193.20, Change: $-5.55, Percent Change: -2.79%
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