Diamondback Energy Inc (NASDAQ:FANG) has been given a consensus rating of “Buy” by the thirty-two brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $159.13.

Several analysts recently commented on the company. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Friday, September 21st. ValuEngine raised Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Morgan Stanley raised their price objective on Diamondback Energy from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Diamondback Energy in a research note on Friday, September 28th. Finally, Oppenheimer assumed coverage on Diamondback Energy in a research note on Wednesday, October 3rd. They set an “outperform” rating and a $166.00 price objective on the stock.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Moody National Bank Trust Division grew its position in Diamondback Energy by 0.6% in the 4th quarter. Moody National Bank Trust Division now owns 22,628 shares of the oil and natural gas company’s stock worth $2,097,000 after purchasing an additional 125 shares in the last quarter. First Hawaiian Bank grew its position in Diamondback Energy by 37.2% in the 4th quarter. First Hawaiian Bank now owns 1,228 shares of the oil and natural gas company’s stock worth $114,000 after purchasing an additional 333 shares in the last quarter. Webster Bank N. A. bought a new stake in Diamondback Energy in the 4th quarter worth about $36,000. LPL Financial LLC grew its position in Diamondback Energy by 4.2% in the 3rd quarter. LPL Financial LLC now owns 12,490 shares of the oil and natural gas company’s stock worth $1,689,000 after purchasing an additional 506 shares in the last quarter. Finally, CWM LLC grew its position in Diamondback Energy by 5.8% in the 3rd quarter. CWM LLC now owns 9,443 shares of the oil and natural gas company’s stock worth $1,277,000 after purchasing an additional 520 shares in the last quarter.

FANG stock opened at $104.10 on Friday. 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 capitalization of $10.81 billion, a PE ratio of 19.64, a P/E/G ratio of 0.47 and a beta of 0.88. Diamondback Energy has a twelve month low of $85.19 and a twelve month high of $140.78.

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 for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.15. The company had revenue of $538.03 million for the quarter, compared to the consensus estimate of $518.32 million. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The firm’s quarterly revenue was up 78.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.33 EPS. On average, analysts expect that Diamondback Energy will post 6.71 earnings per share for the current fiscal year.

About Diamondback Energy

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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