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Equities research analysts at Sterne Agee lifted their target price on shares of Diamondback Energy (NASDAQ:FANG) from $93.00 to $114.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective would suggest a potential upside of 30.00% from the company’s current price.

Shares of Diamondback Energy (NASDAQ:FANG) opened at 87.69 on Wednesday. Diamondback Energy has a 52 week low of $32.61 and a 52 week high of $93.33. The stock has a 50-day moving average of $78.46 and a 200-day moving average of $64.14. The company has a market cap of $4.454 billion and a P/E ratio of 54.74.

Diamondback Energy (NASDAQ:FANG) last released its earnings data on Wednesday, May 7th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $98.00 million for the quarter, compared to the consensus estimate of $98.87 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 239.1% on a year-over-year basis. Analysts expect that Diamondback Energy will post $2.75 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Northland Securities raised their price target on shares of Diamondback Energy from $87.00 to $106.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at KLR Group raised their price target on shares of Diamondback Energy from $5.00 to $103.00 in a research note on Wednesday. Finally, analysts at Topeka Capital Markets raised their price target on shares of Diamondback Energy from $86.00 to $100.00 in a research note on Monday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $79.71.

In other Diamondback Energy news, CFO Teresa L. Dick sold 10,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $90.06, for a total transaction of $900,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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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