MIDLAND, Texas, May 22, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (Nasdaq:FANG) ("Diamondback Energy") today announced the closing of an underwritten public offering of 5,175,000 shares of its common stock at a price of $29.25 per ...

�We are initiating coverage of Diamondback Energy (FANG) with a Buy rating and price target of $42.00 per share. FANG is a pure play Permian company, with more than 54,000 net acres, the majority of which are situated in the Wolfcamp shale (among other ...

Howard Weil's price target points to a potential upside of 23.00% from the company's current price. A number of other firms have also recently commented on FANG.

In addition, Gulfport holds a sizeable acreage position in the Alberta Oil Sands in Canada through its interest in Grizzly Oil Sands ULC, an 18.8% equity interest in Diamondback Energy Inc., a NASDAQ Global Select Market listed company, and has an ...

Diamondback Energy (NASDAQ: FANG) last released its earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, missing the analysts' consensus estimate of $0.17 by $0.02.

Diamondback Energy logo Stock analysts at Howard Weil increased their price target on shares of Diamondback Energy (NASDAQ: FANG) from $36.00 to $43.00 in a report issued on Wednesday, Analyst Ratings Network.

Diamondback Energy (NASDAQ: FANG) traded up 3.16% on Friday, hitting $34.32. Diamondback Energy has a 52-week low of $15.65 and a 52-week high of $27.97.

Diamondback Energy has a 52 week low of $15.65 and a 52 week high of $27.97. The stock's 50-day moving average is currently $25.49.

Diamondback Energy (NASDAQ: FANG) last announced its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, missing the analysts' consensus estimate of $0.17 by $0.02.

�Diamondback Energy (FANG) has proven its mettle in the short amount of time it has been a public company as the asset base has performed nicely under management's watch.