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Do Analysts Agree Wednesday on Diamondback Energy Inc (FANG) Stock's Target Price?

Wednesday, September 22, 2021 11:36 AM | InvestorsObserver Analysts

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Do Analysts Agree Wednesday on Diamondback Energy Inc (FANG) Stock's Target Price?

InvestorsObserver is giving Diamondback Energy Inc (FANG) an Analyst Rating Rank of 73, meaning FANG is ranked higher by analysts than 73% of stocks. The average price target for FANG is $109.666 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.9
Wall Street analysts are rating FANG a Strong Buy today. Find out what this means to you and get the rest of the rankings on FANG!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Diamondback Energy Inc Stock Today?

Diamondback Energy Inc (FANG) stock is trading at $84.62 as of 11:34 AM on Wednesday, Sep 22, an increase of $4.58, or 5.72% from the previous closing price of $80.04. The stock has traded between $81.81 and $84.75 so far today. Volume today is low. So far 927,772 shares have traded compared to average volume of 2,384,023 shares. Click Here to get the full Stock Report for Diamondback Energy Inc stock.

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