BidaskClub upgraded shares of Diamondback Energy (NASDAQ:FANG) from a hold rating to a buy rating in a research note released on Friday morning.

FANG has been the topic of a number of other research reports. Oppenheimer began coverage on Diamondback Energy in a research report on Wednesday, October 3rd. They set an outperform rating and a $166.00 price target on the stock. Wells Fargo & Co dropped their price objective on Diamondback Energy from $157.00 to $151.00 and set a positive rating on the stock in a research report on Thursday, December 20th. Williams Capital reaffirmed a buy rating and set a $153.00 price objective on shares of Diamondback Energy in a research report on Wednesday, December 12th. Morgan Stanley set a $145.00 price objective on Diamondback Energy and gave the company a buy rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised Diamondback Energy from a hold rating to a buy rating and set a $126.00 price objective on the stock in a research report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $156.31.

FANG opened at $104.10 on Friday. Diamondback Energy has a 12-month low of $85.19 and a 12-month high of $140.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.10. The firm has a market cap of $10.81 billion, a PE ratio of 19.64, a PEG ratio of 0.47 and a beta of 0.88.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The business had revenue of $538.03 million for the quarter, compared to the consensus estimate of $518.32 million. During the same quarter in the prior year, the company earned $1.33 EPS. The business’s revenue was up 78.6% compared to the same quarter last year. On average, equities analysts expect that Diamondback Energy will post 6.71 EPS for the current year.

In other news, VP Hof Matthew Kaes Van’t sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $89.91, for a total value of $89,910.00. Following the completion of the transaction, the vice president now directly owns 5,757 shares in the company, valued at $517,611.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.57% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FANG. GSA Capital Partners LLP acquired a new stake in Diamondback Energy in the second quarter valued at approximately $315,000. Private Advisor Group LLC acquired a new stake in Diamondback Energy in the second quarter valued at approximately $204,000. Federated Investors Inc. PA grew its holdings in Diamondback Energy by 6.5% in the second quarter. Federated Investors Inc. PA now owns 18,432 shares of the oil and natural gas company’s stock valued at $2,425,000 after purchasing an additional 1,126 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in Diamondback Energy in the second quarter valued at approximately $1,376,000. Finally, AMP Capital Investors Ltd grew its holdings in Diamondback Energy by 48.1% in the second quarter. AMP Capital Investors Ltd now owns 32,091 shares of the oil and natural gas company’s stock valued at $4,222,000 after purchasing an additional 10,419 shares during the period.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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