Diamondback Energy (FANG) Update - August 19

[dan_s]

I'm finishing my review of the FANG updated profile. The Wall Street Gang loves this company.

FANG closed on August 19 at $99.96: Nine analysts have updated their forecast/valuations models for FANG since the company reported Q2 results and updated their production guidance. Their new price targets range from $140 to $165 and average $149.67. My valuation is at the high end of the valuation range.

FANG's actual realized natural gas price was only $0.04/mcf in the 2nd quarter and they still reported EPS of $2.13 and CFPS from operations of $4.53.
99% of FANG's Q2 revenues came from liquids sales.