NasdaqGS:FANGOil and Gas
Assessing Diamondback Energy (FANG) Valuation After Morgan Stanley’s Endorsement and New Capital Return Moves
Morgan Stanley is doubling down on its positive view of Diamondback Energy (FANG), pointing to its low cost Permian wells, rising free cash flow, and a capital plan that leans heavily toward shareholder payouts.
See our latest analysis for Diamondback Energy.
That backdrop helps explain why, even with the latest share price at $157.52, Diamondback’s 30 day share price return of 9.66% and 90 day gain of 15.58% suggest momentum is rebuilding. At the same time, a 5 year total shareholder return...