Diamondback Energy Given New $32.00 Price Target at Credit Suisse (FANG)
Posted by: Ghasem Abdullahian Analyst Articles - US, Investing
Diamondback Energy (NASDAQ: FANG) had its target price boosted by Credit Suisse from $26.00 to $32.00 in a report released on Tuesday.
Diamondback Energy (NASDAQ: FANG) traded down 3.30% on Tuesday, hitting $24.90. Diamondback Energy has a 1-year low of $15.65 and a 1-year high of $26.39. The stock’s 50-day moving average is currently $22.3. The company has a market cap of $921.0 million and a price-to-earnings ratio of 42.92.
A number of other firms have also recently commented on FANG. Analysts at Capital One raised their price target on shares of Diamondback Energy from $28.00 to $29.00 in a research note to investors on Friday, March 8th. They now have an add rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Diamondback Energy from $28.00 to $29.00 in a research note to investors on Wednesday, February 27th. They now have a buy rating on the stock. Finally, analysts at Zacks upgraded shares of Diamondback Energy from an underperform rating to a neutral rating in a research note to investors on Wednesday, February 27th. They now have a $20.60 price target on the stock.
Six investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, and four have assigned a hold rating to the company’s stock. The company has a consensus rating of overweight and a consensus target price of $26.70.
Diamondback Energy, Inc. (Diamondback) is an independent oil and natural gas company.The Company focuses on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
