Diamondback Energy Inc. (NASDAQ:FANG) traded at a new 52-week high today of $95.78. Approximately 250,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
There is potential upside of 9.5% for shares of Diamondback Energy Inc. based on a current price of $94.05 and an average consensus analyst price target of $103.00.
Over the past year, Diamondback Energy Inc. has traded in a range of $23.63 to $95.78 and is now at $94.05, 298% above that low.
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.
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