Diamondback Energy Price Target Increased to $71.00 by Analysts at SunTrust (FANG)
Analysts at SunTrust raised their price objective on shares of Diamondback Energy (NASDAQ:FANG) from $70.00 to $71.00 in a research report issued to clients and investors on Friday, AnalystRatings.NET reports. SunTrust’s price objective indicates a potential upside of 32.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Diamondback Energy from $64.00 to $70.00 in a research note to investors on Friday. Separately, analysts at Roth Capital raised their price target on shares of Diamondback Energy from $66.00 to $69.00 in a research note to investors on Friday. Finally, 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.40.
Shares of Diamondback Energy (NASDAQ:FANG) opened at 53.77 on Friday. Diamondback Energy has a 52 week low of $19.57 and a 52 week high of $58.71. The stock’s 50-day moving average is $49.90 and its 200-day moving average is $46.75. The company has a market cap of $2.531 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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