Shares of Diamondback Energy Inc (NASDAQ:FANG) have received a consensus recommendation of “Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $139.13.
Several equities research analysts have issued reports on the company. UBS assumed coverage on Diamondback Energy in a research note on Wednesday, March 7th. They set a “buy” rating and a $155.00 price target for the company. ValuEngine lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Piper Jaffray Companies set a $142.00 price target on Diamondback Energy and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Stephens reaffirmed a “buy” rating and set a $159.00 price target on shares of Diamondback Energy in a research note on Friday, February 16th.
Diamondback Energy (FANG) traded up $0.91 during trading hours on Friday, reaching $125.51. The company had a trading volume of 1,997,662 shares, compared to its average volume of 994,875. The company has a market capitalization of $12,231.64, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $134.52. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The company had revenue of $399.19 million during the quarter, compared to analyst estimates of $370.74 million. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. equities analysts predict that Diamondback Energy will post 6.87 earnings per share for the current year.
In related news, CFO Teresa L. Dick sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $115.84, for a total transaction of $1,158,400.00. Following the transaction, the chief financial officer now owns 25,760 shares in the company, valued at approximately $2,984,038.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $130.97, for a total value of $327,425.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,431 shares of company stock worth $24,001,312. 0.41% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Diamondback Energy by 79.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,009 shares of the oil and natural gas company’s stock worth $534,000 after acquiring an additional 2,659 shares during the period. Nationwide Fund Advisors lifted its position in Diamondback Energy by 5.7% in the 3rd quarter. Nationwide Fund Advisors now owns 130,254 shares of the oil and natural gas company’s stock valued at $12,760,000 after acquiring an additional 7,000 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Diamondback Energy in the 3rd quarter valued at approximately $206,000. American Century Companies Inc. lifted its position in Diamondback Energy by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 16,854 shares of the oil and natural gas company’s stock valued at $1,651,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Diamondback Energy by 400.0% in the 3rd quarter. Prudential Financial Inc. now owns 27,251 shares of the oil and natural gas company’s stock valued at $2,669,000 after acquiring an additional 21,801 shares in the last quarter.
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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