Diamondback Energy PT Raised to $65.00 at KLR Group (FANG)
KLR Group lifted their price objective on shares of Diamondback Energy (NASDAQ:FANG) from $5.00 to $65.00 in a research note issued on Friday, Analyst Ratings News reports. The firm currently has an “accumulate” rating on the stock. KLR Group’s price objective indicates a potential upside of 14.60% from the company’s current price.
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 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 $2.670 billion and a P/E ratio of 69.29.
FANG has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Diamondback Energy from $65.00 to $70.00 in a research note to investors on Friday. They now have a “sector outperform” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Diamondback Energy from $70.00 to $71.00 in a research note to investors on Friday. Finally, 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. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $60.88.
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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