Diamondback Energy Is 'Making All The Right Moves,' Says Bullish Analyst

Diamondback Energy Inc FANG shares were climbing in early trading on Friday, during a rise in energy stocks with growing Middle East tensions. Following the Endeavor acquisition, Diamondback and ExxonMobil Corp XOM are now the dominant players in the Midland Basin, according to BMO Capital Markets. Analyst Phillip Jungwirth upgraded the rating for Diamondback Energy from Market Perform to Outperform, while raising the price target from $205 to$215. The Diamondback Energy Thesis: Synergies from the Endeavor ...