Diamondback Energy Inc (NASDAQ:FANG) stock price target upped to $107.00, issued a report today by Zacks Investment Research
- Updated: September 29, 2016
Yesterday Diamondback Energy Inc (NASDAQ:FANG) traded 2.30% higher at $95.53. The company’s 50-day moving average is $94.13 and its 200-day moving average is $88.10. The last stock close price is up 8.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,539,977 shares of the stock were exchanged, up from an average trading volume of 1,069,890
In a report announced on Thursday September 29, 2016 Zacks Investment Research upped the price target of Diamondback Energy Inc (NASDAQ:FANG) to $107.00 reporting a possible upside of 0.12%.
Previously on 8/29/2016, Williams Capital reported about Diamondback Energy Inc (NASDAQ:FANG) raised the target price from $0.00 to $105.00. At the time, this indicated a possible upside of 0.09%.
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Diamondback Energy Inc has a 52 week low of $55.48 and a 52 week high of $99.69 FANG’s total market value is presently $0.
A total of 30 equity analysts have released a ratings update on the stock. 4 firms rating the stock a strong buy, 24 firms rating the stock a buy, 5 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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