A statement released earlier today by Mizuho Securities about Diamondback Energy (NASDAQ:FANG) bumps the target price to $105.00
- Updated: October 5, 2016
Mizuho Securities bumped up the target of Diamondback Energy (NASDAQ:FANG) to $105.00 stating a potential upside of 0.11%.
Boasting a price of $94.70, Diamondback Energy (NASDAQ:FANG) traded 3.40% higher on the day. With the last stock price close up 6.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Diamondback Energy has recorded a 50-day average of $94.00 and a two hundred day average of $88.66. Volume of trade was up over the average, with 1,675,403 shares of FANG changing hands over the typical 1,119,310
With a total market value of $0, Diamondback Energy has with a one year low of $55.48 and a one year high of $99.69 .
A total of 30 equity analysts have released a ratings update on FANG. Four equity analysts rating the company a strong buy, twenty-four equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $93.97.
Brief Synopsis 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, which it collectively refers as the Wolfberry play.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.