Shares of Diamondback Energy Inc. (NASDAQ:FANG) traded today at $114.73, eclipsing its 52-week high. So far today approximately 333,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.
Diamondback Energy Inc. share prices have moved between a 52-week high of $114.73 and a 52-week low of $23.63 and are now trading 376% above that low price at $112.47 per share.
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 2020, the company reported net proven reserves of 1.3 billion barrels of oil equivalent. Net production averaged about 300,000 barrels per day in 2020, at a ratio of 60% oil, 20% natural gas liquids, and 20% natural gas.
Diamondback Energy Inc. has overhead space with shares priced $112.47, or 68.6% below the average consensus analyst price target of $357.62.
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