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Stock analysts at Johnson Rice began coverage on shares of Diamondback Energy (NASDAQ:FANG) in a report issued on Thursday, Analyst Ratings.Net reports. The firm set an “overweight” rating on the stock.

FANG has been the subject of a number of other recent research reports. Analysts at KLR Group initiated coverage on shares of Diamondback Energy in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Separately, analysts at Roth Capital initiated coverage on shares of Diamondback Energy in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $66.00 price target on the stock. Finally, analysts at Brean Capital initiated coverage on shares of Diamondback Energy in a research note to investors on Thursday, December 5th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $58.47.

Diamondback Energy (NASDAQ:FANG) opened at 54.98 on Thursday. Diamondback Energy has a one year low of $19.57 and a one year high of $58.71. The stock has a 50-day moving average of $49.68 and a 200-day moving average of $46.70. The company has a market cap of $2.588 billion and a price-to-earnings ratio of 68.25.

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.

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