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Stock impact report

Diamondback Energy, Inc. (FANG) PT Increased at Citigroup on Higher Oil Price Outlook [Yahoo! Finance]

Diamondback Energy, Inc. (FANG) 
Last diamondback energy, inc. earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
Company Research Source: Yahoo! Finance
TheFly reported on March 29 that Citigroup increased its price target for FANG to $230 from $178 while keeping a Buy rating. The firm revised its projections for the oil exploration and production sector to incorporate anticipated higher oil prices, reflecting updated market assumptions and industry conditions. Separately, earlier on March 10, Diamondback Energy, Inc. (NASDAQ:FANG) disclosed the pricing of a secondary public offering of 11,000,000 common shares by its largest shareholder, SGF FANG Holdings, LP. The sale is expected to generate approximately $1.9 billion in gross proceeds, none of which will go to FANG. The offering is scheduled to close on March 12, 2026, subject to standard closing conditions. Diamondback Energy, Inc. (FANG) PT Increased at Citigroup on Higher Oil Price Outlook Additionally, the selling shareholder granted the underwriters a 30-day option to acquire up to 1,650,000 extra shares to cover over-allotments. Evercore ISI, Citigroup, and J.P. Morgan Show less Read more
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