BUZZ-Diamondback Energy dips after upsized $2.2 bln secondary offering priced

Reuters

Sep 20, 2024

** Shares of Diamondback Energy down 1.2% at $179.50 before the bell following pricing of secondary offering

** Oil and gas producer late Thurs announced 12.77 mln shares sold by certain legacy Endeavor stockholders for gross proceeds of ~$2.2 bln

** Offering size boosted from 11.27 mln shares

** In addition, FANG to repurchase 2 mln shares from underwriters Evercore, Citigroup and JP Morgan

** FANG last week closed its $26 bln cash-and-stock buy of privately-held shale oil rival Endeavor Energy Resources, which was announced in Feb

** FANG has ~294.7 mln shares outstanding as of Sept 12, per the SEC prospectus filing

** Through Thurs close, shares up 17% in 2024

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p>((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVR","symbol_name":"Evercore","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2468764222","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468764222","pubTimestamp":1726834235,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of Diamondback Energy    down 1.2% at $179.50 before the bell following pricing of secondary offering   ** Oil and gas producer late Thurs announced 12.77 mln shares sold by certain legacy Endeavor stockholders for gross proceeds of ~$2.2 bln   ** Offering size boosted from 11.27 mln shares   ** In addition, FANG to repurchase 2 mln shares from underwriters Evercore, Citigroup and JP Morgan   ** FANG last week closed its $26 bln cash-and-stock buy of privately-held shale oil rival Endeavor Energy Resources, which was announced in Feb   ** FANG has ~294.7 mln shares outstanding as of Sept 12, per the SEC prospectus filing   ** Through Thurs close, shares up 17% in 2024 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVR":"Evercore","FANG":"Diamondback Energy","TTTN":"老虎中美互联网巨头ETF","IE00BGHQF524.EUR":"GUINNESS GLOBAL ENERGY \"C\" (EUR) ACC","BK4213":"石油与天然气的勘探与生产","BK4588":"碎股","BK4585":"ETF&股票定投概念","IE00B3CCJ963.GBP":"GUINNESS GLOBAL ENERGY \"C\" (GBP) ACC","IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","BK4127":"投资银行业与经纪业","VNOM":"Viper Energy Partners LP"},"translate_title":"BUZZ-Diamondback Energy在22亿美元二次发行定价后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FANG":1,"TTTN":0.9,"VNOM":0.9,"EVR":0.9},"content_text":"** Shares of Diamondback Energy    down 1.2% at $179.50 before the bell following pricing of secondary offering   ** Oil and gas producer late Thurs announced 12.77 mln shares sold by certain legacy Endeavor stockholders for gross proceeds of ~$2.2 bln   ** Offering size boosted from 11.27 mln shares   ** In addition, FANG to repurchase 2 mln shares from underwriters Evercore, Citigroup and JP Morgan   ** FANG last week closed its $26 bln cash-and-stock buy of privately-held shale oil rival Endeavor Energy Resources, which was announced in Feb   ** FANG has ~294.7 mln shares outstanding as of Sept 12, per the SEC prospectus filing   ** Through Thurs close, shares up 17% in 2024 (Lance Tupper is a Reuters market analyst. 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