Diamondback Energy (FANG)

[dan_s]

I just got the following note from John White at Roth Capital 8/29/2017:

His valuation of FANG is $120/share.

We are increasing our 3Q production slightly, by 0.5%, due to the recent production beat and increased production guidance. Also due to the revised guidance we are lowering lease operating expense 15% and G&A 10%. In turn, our new 3Q 2017 EPS/CFPS/EBITDA are $1.38/0/$2.15/$222.1 million versus our previous $1.11/$1.99/$205.0 million.
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My 3Q 2017 EPS/CFPS forecasts for FANG are $1.28/2.14. My revenue forecast for 3Q is $284.8 million, which compares to John's forecast of $289.3 million. - Dan