Why Diamondback Energy's Stock Is Trading Higher Today


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Diamondback Energy (NASDAQ:FANG) shares are trading higher on Tuesday after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $40 to $58 per share.

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 2019, the company reported net proven reserves of 1.1 billion barrels of oil equivalent. Net production averaged about 283,000 barrels per day in 2019, at a ratio of 66% oil, 18% natural gas liquids, and 16% natural gas.

Diamondback Energy shares were trading up 9.67% at $42.31 during the time of publication on Tuesday. The stock has a 52-week high of $106.50 and a 52-week low of $14.55.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: UpgradesPrice TargetAnalyst Ratingswhy it's moving