Report
Dave Meats
EUR 101.80 For Business Accounts Only

Diamondback Raises Guidance Yet Again and Reports Array of Impressive 3Q Wells

Diamondback maintained its stellar growth trajectory in the third quarter with total volumes averaging 85 mboe/d (10% higher sequentially and 89% higher year over year). That's consistent with our 86 mboe/d estimate but stronger than previous guidance--management's full-year projection was nudged 3% higher at the midpoint as a result. That's the second increase in as many quarters, setting up the firm to beat its its annual target for the fourth consecutive year. Additionally, the firm’s financi...
Underlying
Diamondback Energy Inc.

Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dave Meats

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