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BidaskClub downgraded Diamondback Energy Inc (NASDAQ:FANG) to Strong Sell in a report released today.

BidaskClub has downgraded Diamondback Energy Inc (NASDAQ:FANG) to Strong Sell in a report released on Tuesday June 20, 2017.

Just yesterday Diamondback Energy Inc (NASDAQ:FANG) traded 0.17% higher at $85.89. Diamondback Energy Inc’s 50-day moving average is $91.26 and its 200-day moving average is $95.70. The last stock price is down -1.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,054,757 shares of FANG traded hands, down from an average trading volume of 1,333,000

Recent Performance Chart

Diamondback Energy Inc (NASDAQ:FANG)

Diamondback Energy Inc has 52 week low of $82.77 and a 52 week high of $114.00 with a PE ratio of 26.77 and has a market capitalization of $0.

In addition to BidaskClub reporting its stock price target, a total of 30 brokerages have issued a ratings update on the company. The average stock price target is $93.97 with 4 brokerages rating the stock a strong buy, 24 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Diamondback Energy Inc (NASDAQ:FANG)

Diamondback Energy, Inc. is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company's total net acreage position in the Permian Basin was approximately 105,894 net acres. As of December 31, 2016, the Company, through its subsidiary, Viper Energy Partners LP (Viper), owned mineral interests underlying approximately 107,568 gross acres primarily in Midland County, Texas in the Permian Basin. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Company's reserves are located in the Permian Basin of West Texas, in particular in the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. The Company refers to the Clearfork, Spraberry, Wolfcamp, Strawn and Atoka formations collectively as the Wolfberry play.

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