Diamondback Energy Inc. (NASDAQ:FANG) traded today at a new 52-week high of $86.86. Approximately 579,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2019, the company reported net proven reserves of 1.1 billion barrels of oil equivalent. Net production averaged about 283,000 barrels per day in 2019, at a ratio of 66% oil, 18% natural gas liquids, and 16% natural gas.
In the past 52 weeks, shares of Diamondback Energy Inc. have traded between a low of $14.55 and a high of $86.86 and is now at $85.01, which is 484% above that low price.
Diamondback Energy Inc. (NASDAQ:FANG) is currently priced 12.5% above its average consensus analyst price target of $74.39.
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