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Williams Capital reported on Diamondback Energy (NDAQ:FANG), hiking its price target to $114.00 earlier today

Williams Capital increased the price target of Diamondback Energy (NDAQ:FANG) to $114.00 reporting a potential upside of 0.12%.

On 10/11/2017, Barclays Capital released a statement for Diamondback Energy (NDAQ:FANG) raised the target price from $105.00 to $121.00 that suggested an upside of 0.20%.

Displaying a price of $102.16, Diamondback Energy (NDAQ:FANG) traded 0.01% higher on the day. The last stock price is up 7.91% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. Diamondback Energy has recorded a 50-day average of $95.40 and a two hundred day average of $95.09. Trade Volume was down over the average, with 755,291 shares of FANG changing hands under the typical 1,252,790

Recent Performance Chart

Diamondback Energy (NDAQ:FANG)

Diamondback Energy has a one year low of $82.77 and a one year high of $114.00 with a price-earnings ratio of 28.21 The company’s market cap is currently $0.

In addition to Williams Capital 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 firms rating the stock a strong buy, twenty-four analysts rating the company a buy, five analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For Diamondback Energy (NDAQ: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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