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Analysts at Roth Capital hoisted their target price on shares of Diamondback Energy (NASDAQ:FANG) from $66.00 to $69.00 in a research report issued to clients and investors on Friday, American Banking and Market News reports. Roth Capital’s price target suggests a potential upside of 21.65% from the stock’s previous close.

A number of other firms have also recently commented on FANG. Analysts at Northland Capital Partners raised their price target on shares of Diamondback Energy from $68.00 to $73.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Johnson Rice initiated coverage on shares of Diamondback Energy in a research note to investors on Thursday. They set an “overweight” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $60.88.

Shares of Diamondback Energy (NASDAQ:FANG) traded up 5.49% during mid-day trading on Friday, hitting $56.72. 1,298,611 shares of the company’s stock traded hands. Diamondback Energy has a 1-year low of $19.57 and a 1-year high of $59.00. The stock has a 50-day moving average of $50.11 and a 200-day moving average of $46.87. The company has a market cap of $2.670 billion and a P/E ratio of 69.29.

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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