Truist raised the firm’s price target on Diamondback Energy (FANG) to $242 from $222 and keeps a Buy rating on the shares. In the Permian activity, Diamondback has the advantage of seeing half of the basin’s activity via Viper and noted nothing incremental on the permitting side, but sees private rigs being added and estimates the Permian rig count could increase by 25-30 rigs by 2026-end, the analyst tells investors in a research note.
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