Recent news around
Diamondback Energy (FANG) showed significant activity related to the energy company. Despite overall market declines, FANG managed to progress, serving as an enticing option for investors. Several asset management firms, including
Adams Diversified Equity Fund and
iA Global Asset Management, have substantial holdings, despite some entities like
Erste Asset Management reducing their stakes. Meanwhile, FANG has raised $1.2 billion through senior notes and entered a term loan credit agreement. Its Q1 2025 financial results are due in May, along with a conference call. Financial assessments remained mixed, with Benchmark maintaining its $195 target whereas Citigroup reduced its target to $157.00. Despite
Scotiabank lowering its earnings estimates, the company experienced insider buying in 2025. FANG will be expanding in the Permian basin through a $4.08 billion deal. It also plans a partnership for a gas-fired power plant and has its sights on an acquisition. Yet, not all sentiment was positive as the stock price experienced a downshift. As the company’s business activities ramp up, it continues to attract interest from a range of potential stakeholders.
Diamondback Energy FANG News Analytics from Tue, 29 Oct 2024 07:00:00 GMT to Sat, 22 Mar 2025 11:38:30 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -1
