Wells Fargo lowered the firm’s price target on Diamondback Energy to $174 from $181 on reserves update, while keeping an Overweight rating on the shares. Diamondback Energy’s robust 2023 capital returns, differentiated field execution and industry leading cost control should drive share outperformance in 2023, Wells says.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on FANG:
- Early notable gainers among liquid option names on February 22nd
- Diamondback Energy Reported Earnings. Did it Beat Estimates?
- Diamondback Energy sees Q1 oil production 248-252 MBO/d
- Diamondback Energy sees FY23 oil production 256 – 262 MBO/d
- Diamondback Energy reports Q4 adjusted EPS $5.29, consensus $5.22