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Brokers upbeat on Diamondback Energy Inc despite economic uncertainty

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The Diamondback Energy Inc (NSQ:FANG) share price has risen by 5.83% over the past month and it’s currently trading at $142.9. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Diamondback Energy Inc currently has:

  • 7 Buy recommendations

  • 3 Hold recommendations

  • 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO NSQ:FANG »

Researching beyond broker forecasts

At its current price of $142.9, shares in Diamondback Energy Inc are trading at a discount of -3.42% to its 52 week high price. The 1-year performance of the shares has been 73.8%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Diamondback Energy Inc it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Diamondback Energy Inc that you can find out about here.

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