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A statement released earlier today by KeyBanc Capital Markets about Diamondback Energy (NASDAQ:FANG) bumps the target price to $110.00

Showing a price of $96.86, Diamondback Energy (NASDAQ:FANG) traded 0.21% lower on the day. The last stock price close is up 3.17% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the same period. FANG has registered a 50-day moving average of $93.69 and two hundred day moving average of $86.93. Trading volume was was up over the average, with 1,319,977 shares of FANG changing hands over the typical 1,056,810 shares.

Diamondback Energy (NASDAQ:FANG) had its estimated target price increased to $110 by KeyBanc Capital Markets in a report issued Monday August 22 2016. The updated target price suggests a possible upside of 0.14% based on the bussiness’ last stock close price.

Recent Performance Chart:

Diamondback Energy (NASDAQ:FANG)

A total of 30 brokers have issued a research note on the company. Four firms rate the company a strong buy, 24 analysts rate the company a buy, five analyts rate the company a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the stock as sell with a one year target price of $93.97

Diamondback Energy has a one-year low of $55.48 and a one-year high of $99.69 . The company’s total market value is currently $0.0.

More About Diamondback Energy (NASDAQ:FANG)

Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84, 680 net acres. The Company, through its subsidiary Viper Energy Partners LP (Viper), owns mineral interests underlying approximately 46, 560 gross (17, 060 net) acres primarily in Midland County, Texas in the Permian Basin. Approximately 60% of these net acres are operated by the Company. It has drilled or participated in the drilling 490 gross wells on its leasehold acreage in Permian Basin area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. Its activities are focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, and which it collectively refers as the Wolfberry play.

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