Wall Street is positive on Diamondback Energy Inc (FANG). On average, analysts give FANG a Strong Buy rating. The average price target is $72, which means analysts expect the stock to decrease by -17.81% over the next twelve months.
That average ranking earns FANG an Analyst Rating of 74, which is better than 74% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Diamondback Energy Inc Stock Today?
Diamondback Energy Inc (FANG) stock has gained 7.8% while the S&P 500 is down -0.19% as of 10:54 AM on Friday, Mar 5. FANG has gained $6.34 from the previous closing price of $81.26 on volume of 1,633,130 shares. Over the past year the S&P 500 has risen 24.38% while FANG has gained 50.49%. FANG lost -$29.73 per share the over the last 12 months.
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