Diamondback Energy (FANG) Getting Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Diamondback Energy (NASDAQ:FANG) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamondback Energy earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 46.8439072486925 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Mizuho Analysts Give Diamondback Energy, Inc. (FANG) a $122.00 Price Target (americanbankingnews.com)
- Diamondback Energy (FANG) PT Raised to $118 at Piper Jaffray, Remains Favorite Pick – StreetInsider.com (streetinsider.com)
- FY2017 Earnings Estimate for Diamondback Energy, Inc. Issued By KeyCorp (FANG) (americanbankingnews.com)
- FY2017 EPS Estimates for Diamondback Energy, Inc. Boosted by US Capital Advisors (FANG) (americanbankingnews.com)
- Gilead Sciences, Inc., (NASDAQ: GILD), Diamondback Energy, Inc., (NASDAQ: FANG), Rite Aid Corporation, (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
Several research analysts recently issued reports on FANG shares. Barclays PLC increased their price target on shares of Diamondback Energy from $105.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group LLC started coverage on shares of Diamondback Energy in a report on Monday, October 9th. They set a “buy” rating and a $124.00 price objective for the company. Northland Securities reaffirmed a “buy” rating and set a $125.00 price objective on shares of Diamondback Energy in a report on Tuesday, September 26th. Finally, KeyCorp reaffirmed a “buy” rating and set a $113.00 price objective on shares of Diamondback Energy in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $126.75.
Diamondback Energy (NASDAQ:FANG) traded up $1.05 on Friday, hitting $110.30. 262,058 shares of the stock traded hands, compared to its average volume of 1,135,557. Diamondback Energy has a twelve month low of $82.77 and a twelve month high of $114.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. The company has a market capitalization of $10,827.82, a PE ratio of 23.62, a P/E/G ratio of 0.81 and a beta of 1.10.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. Diamondback Energy’s revenue was up 112.0% compared to the same quarter last year. sell-side analysts anticipate that Diamondback Energy will post 5.02 EPS for the current fiscal year.
In other Diamondback Energy news, VP Hof Matthew Kaes Van’t sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $88.49, for a total value of $57,518.50. Following the transaction, the vice president now directly owns 4,950 shares of the company’s stock, valued at $438,025.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Teresa L. Dick sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $111.79, for a total transaction of $558,950.00. Following the completion of the transaction, the chief financial officer now directly owns 31,760 shares in the company, valued at $3,550,450.40. The disclosure for this sale can be found here. Insiders have sold 23,805 shares of company stock worth $2,446,531 over the last three months. 0.41% of the stock is owned by insiders.
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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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