Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction

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Go back to Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction

Susquehanna Reiterates Positive Rating on Diamondback Energy (FANG)

December 22, 2020 7:18 AM EST

Susquehanna analyst Biju Perincheril reiterated a Positive rating and $65.00 price target on Diamondback Energy (NASDAQ: FANG) following the company's announced acquisition of QEP. The transaction is about net-neutral for leverage on Susquehanna's estimates.

Perincheril expects the transaction to improve FANG's 2021/2022 free cash flow... More

BMO Capital Reiterates Market Perform Rating on Diamondback Energy (FANG)

December 22, 2020 7:12 AM EST

BMO Capital analyst Phillip Jungwirth reiterated a Market Perform rating and $50.00 price target on Diamondback Energy (NASDAQ: FANG) following the company's announced all-stock, no premium $2.1B acquisition of QEP Resources and $0.9B purchase of Guidon Operating.

The acquisitions of QEP and Guidon expand... More