Diamondback Energy (FANG) : During the past 4 weeks, traders have been relatively bearish on Diamondback Energy (FANG), hence the stock is down -7.15% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.12% relative to the S&P 500. The 4-week change in the price of the stock is -9.03% and the stock has fallen -6.62% in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.32% and the 50-Day Moving Average is 2.98%.The 200 Day SMA reached 10.03% Diamondback Energy, Inc. is up 2.49% in the last 3-month period. Year-to-Date the stock performance stands at 34.07%.
Diamondback Energy (FANG) : The highest short term price target forecast on Diamondback Energy (FANG) is $135 and the lowest target price is $88. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $108.18 with a standard deviation of $9.99.
For the current week, the company shares have a recommendation consensus of Buy. Diamondback Energy (NASDAQ:FANG): stock was range-bound between the intraday low of $86.93 and the intraday high of $89.95 after having opened at $88.99 on Fridays session. The stock finally closed in the red at $88.99, a loss of -0.21%. The stock remained in the red for the whole trading day. The total traded volume was 1,319,977 shares. The stock failed to cross $89.95 in Fridays trading. The stocks closing price on Thursday was $89.69.
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company, through its subsidiary Viper, owns mineral interests underlying approximately 24,528 gross (15,948 net) acres in Midland County Texas in the Permian Basin. Approximately 43% of these net acres are operated by the Company. As of December 31, 2014, it had drilled or participated in the drilling of 405 gross (343 net) wells on its leasehold acreage in this area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Companys activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it refers to collectively as the Wolfberry play.