The recent updates on Diamondback Energy (FANG) depict significant investment activity, with numerous financial institutions changing their stock positions. Several companies, including Nomura Holdings, Royal Bank of Canada, Strategic Wealth Partners, Two Sigma Investments, and many others, have either raised, lowered or initiated their stock holdings in FANG. BofA and Raymond James have positively revised the energy company’s price target. Additionally, the company reported surpassing Q1 earnings and revenue estimates and it's highlighted among the companies with impressive growth potential.
Unique changes in the company include executive alterations and a major $4.08 billion deal to expand their operations in the Permian basin. The company's projected output for 2025 was lowered and the newly appointed CEO anticipates that US onshore production has likely reached its peak. Notable mentions of FANG include it being one of billionaire Bruce Kovner’s stock picks with high upside potential and it laps the stock market.
Diamondback Energy FANG News Analytics from Sat, 30 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 19:45:31 GMT - Rating 4 - Innovation 2 - Information 7 - Rumor 1
