Diamondback Energy Inc (NASDAQ:FANG) has been upgraded to Overweight in a statement by Stephens earlier today.
- Updated: October 17, 2016
Having a price of $100.90, Diamondback Energy Inc (NASDAQ:FANG) traded -2.54% lower on the day. With the last close up 12.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Diamondback Energy Inc has recorded a 50-day average of $94.88 and a two hundred day average of $89.69. Volume of trade was up over the average, with 1,556,212 shares of FANG changing hands over the typical 1,126,230
Stephens has upgraded Diamondback Energy Inc (NASDAQ:FANG) to Overweight in a statement released on 10/17/2016.
On Thursday October 13, 2016, Zacks Investment Research released a statement on Diamondback Energy Inc (NASDAQ:FANG) upped the target price from $0.00 to $116.00 that suggested an upside of 0.12%.
With a total market value of $0, Diamondback Energy Inc has with a one year low of $55.48 and a one year high of $106.84 .
A total of 30 analysts have released a research note on Diamondback Energy Inc. Four analysts rating the company a strong buy, twenty-four analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $93.97.
More About Diamondback Energy Inc (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.
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