Diamondback Energy (NASDAQ:FANG) target price raised to $112.00, issued a report today by Williams Capital
- Updated: October 10, 2016
Diamondback Energy (NASDAQ:FANG) had its price target upped to $112.00 by Williams Capital in a report released Monday October 10, 2016. The new target suggests a potential upside of 0.18% based on the company's most recent close.
On 10/06/2016, Mizuho Securities released a statement about Diamondback Energy (NASDAQ:FANG) raised the target price from $0.00 to $105.00 that suggested an upside of 0.11%.
Boasting a price of $94.70, Diamondback Energy (NASDAQ:FANG) traded 10.45% higher on the day. With the last close up 17.75% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Diamondback Energy has recorded a 50-day average of $93.88 and a two hundred day average of $88.83. Volume of trade was up over the average, with 2,262,469 shares of FANG changing hands over the typical 1,106,770
Diamondback Energy has 52 week low of $55.48 and a 52 week high of $105.40 and has a market capitalization of $0.
A total of 30 firms have reported on Diamondback Energy. Four brokers rating the stock a strong buy, 24 brokerages rating the stock a buy, 5 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell with a 12-month price target of $93.97.
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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