Diamondback Energy (NASDAQ:FANG) stock price target increased to $139.00, issued a research note today by KLR Group
- Updated: October 16, 2016
Yesterday Diamondback Energy (NASDAQ:FANG) traded -2.54% lower at $105.21. Diamondback Energy’s 50-day moving average is $94.88 and its two hundred day average is $89.69. With the last close up 12.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 1,556,212 shares of FANG traded hands, up from an avg. volume of 1,126,230
In a report released on 10/11/2016 KLR Group increased the stock price target of Diamondback Energy (NASDAQ:FANG) from $126.00 to $139.00 stating a potential upside of 0.32%.
On 10/10/2016, Williams Capital released a statement for Diamondback Energy (NASDAQ:FANG) raised the target price from $105.00 to $112.00 that suggested an upside of 0.18%.
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Diamondback Energy has a with a one year low of $55.48 and a one year high of $106.84 The company’s market cap is currently $0.
Also covering Diamondback Energy's price target, a total of 30 firms have reported on the company. The average stock price target is $93.97 with four equity analysts rating the company a strong buy, twenty-four equity analysts rating the stock a buy, 5 firms rating the stock a hold, 0 analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For 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.
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