Shares of Diamondback Energy Inc. (NASDAQ:FANG) traded today at $144.78, eclipsing its 52-week high. So far today approximately 333,000 shares have been exchanged, as compared to an average 30-day volume of 3.3 million shares.
In the past 52 weeks, Diamondback Energy Inc. share prices are bracketed by a low of $65.93 and a high of $144.78 and is now at $143.25, 117% above that low price.
Diamondback Energy Inc. (NASDAQ:FANG) is currently priced 4.5% above its average consensus analyst price target of $136.86.
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 2021, the company reported net proven reserves of 1.8 billion barrels of oil equivalent. Net production averaged about 375,000 barrels per day in 2021, at a ratio of 60% oil, 20% natural gas liquids, and 20% natural gas.
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