Diamondback Energy (FANG) Update - April 19

[dan_s]

From TipRanks: "On 4-19-2022 Wells Fargo analyst Nitin Kumar raised the firm's price target on Diamondback Energy to $204 from $198 and keeps an Overweight rating on the shares. The analyst expects Diamondback's consistent execution to deliver a largely in-line print for Q1. He sees 5%/10%/7% downside risk in EBITDA/free cash flow/CFPS estimates relative to the Street, as consensus may have not factored in the $135M impact from hedge liquidation."

I have updated my forecast/valuation model for FANG for my new oil & gas price deck. My valuation increases by $6 to $196.00.