Diamondback Energy Inc (NASDAQ:FANG) insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total transaction of $388,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Diamondback Energy Inc (FANG) opened at $127.57 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. The firm has a market cap of $12,489.82, a PE ratio of 27.24, a PEG ratio of 0.74 and a beta of 1.08. Diamondback Energy Inc has a 1-year low of $82.77 and a 1-year high of $132.07.
Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.31. The company had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. Diamondback Energy’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. research analysts predict that Diamondback Energy Inc will post 5.09 EPS for the current year.
Several institutional investors have recently bought and sold shares of FANG. Cubist Systematic Strategies LLC lifted its holdings in Diamondback Energy by 46.7% in the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after buying an additional 700 shares during the period. KCS Wealth Advisory purchased a new stake in Diamondback Energy in the fourth quarter worth about $202,000. Crossmark Global Holdings Inc. purchased a new stake in Diamondback Energy in the third quarter worth about $206,000. Commerce Bank purchased a new stake in Diamondback Energy in the third quarter worth about $208,000. Finally, Sentry Investment Management LLC purchased a new stake in Diamondback Energy in the second quarter worth about $215,000.
Several research analysts have recently weighed in on FANG shares. BidaskClub raised shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Barclays increased their target price on Diamondback Energy from $105.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Zacks Investment Research cut Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group assumed coverage on Diamondback Energy in a research note on Monday, October 9th. They issued a “buy” rating and a $124.00 target price on the stock. Finally, Citigroup assumed coverage on Diamondback Energy in a research note on Friday, December 1st. They issued a “buy” rating and a $130.00 target price on the stock. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $127.96.
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Diamondback Energy Company Profile
Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.
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