Melius Research initiated coverage of Diamondback Energy (FANG) with a Buy rating and $213 price target The introduction, adoption and acceleration of AI has transformed “Energy & Power” into an AI category and the market is in the early stages of a “Power revolution” that is only in the early innings of shifting leadership toward a whole new group of winners, the analyst tells investors while establishing coverage on several of the Supermajors, many prominent E&Ps, the largest oil service companies and the largest independent power producers.
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Read More on FANG:
- Positive Growth Outlook for Viper Following Strategic Acquisition of Sitio Royalties Corp
- Diamondback Energy raises Q3 net production view to 908K MBOE/d – 938K MBOE/d
- Viper Energy sees Q3 average oil production 54,500-57,500 bo/d
- Viper Energy closes acquisition of Sitio Royalties
- Diamondback Energy price target raised to $186 from $184 at Morgan Stanley