Diamondback Energy Inc (FANG) Insider Michael L. Hollis Sells 1,000 Shares
Diamondback Energy Inc (NASDAQ:FANG) insider Michael L. Hollis sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Diamondback Energy Inc (FANG) traded down 0.70% during midday trading on Thursday, hitting $100.04. The stock had a trading volume of 681,881 shares. Diamondback Energy Inc has a 1-year low of $82.77 and a 1-year high of $114.00. The firm has a 50-day moving average price of $92.65 and a 200-day moving average price of $95.17. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 27.51 and a beta of 1.08.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.44. The business had revenue of $267.40 million during the quarter, compared to the consensus estimate of $258.75 million. Diamondback Energy had a return on equity of 13.42% and a net margin of 60.92%. The firm’s quarterly revenue was up 137.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. On average, equities research analysts anticipate that Diamondback Energy Inc will post $4.91 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in FANG. Johnson Financial Group Inc. bought a new stake in shares of Diamondback Energy during the 2nd quarter worth $102,000. Cubist Systematic Strategies LLC increased its holdings in Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after purchasing an additional 700 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Diamondback Energy in the 2nd quarter worth about $215,000. BB&T Securities LLC acquired a new position in Diamondback Energy in the 2nd quarter worth about $217,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Diamondback Energy by 1.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock worth $224,000 after purchasing an additional 40 shares in the last quarter.
A number of research analysts recently commented on FANG shares. BidaskClub raised shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Roth Capital increased their price target on shares of Diamondback Energy from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets set a $100.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Northland Securities set a $125.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Barclays PLC restated a “hold” rating and issued a $93.00 target price on shares of Diamondback Energy in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $120.38.
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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