Diamondback Energy an early mover after strong Q3 results


Diamondback Energy (FANG +6.2%) springs higher at the open following strong Q3 results, which some analysts see as a "mini-version" of Pioneer Natural Resources and its strong Permian Basin presence (earlier).

During Q3, FANG's first horizontal Middle Spraberry test well, the Sarah Ann 3814H, had a peak 24-hour initial production rate of 733 boe/day (90% oil).

Sterne Agee raises its price target on FANG shares to $74 from $54.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs