Barclays PLC upgraded shares of Diamondback Energy, Inc. (NASDAQ:FANG) from an equal weight rating to an overweight rating in a research report report published on Monday. They currently have $137.00 price target on the oil and natural gas company’s stock.

Other research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. reiterated a buy rating and issued a $130.00 price objective on shares of Diamondback Energy in a research report on Friday, November 10th. Stifel Nicolaus set a $129.00 price objective on shares of Diamondback Energy and gave the stock a buy rating in a research report on Thursday, October 5th. BidaskClub downgraded shares of Diamondback Energy from a hold rating to a sell rating in a research report on Thursday, July 27th. BMO Capital Markets set a $110.00 price objective on shares of Diamondback Energy and gave the stock a buy rating in a research report on Saturday, August 12th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Diamondback Energy from a conviction-buy rating to a buy rating and upped their price objective for the stock from $106.53 to $118.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $125.21.

Diamondback Energy (NASDAQ:FANG) opened at $108.57 on Monday. The stock has a market cap of $10,580.00, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.78 and a beta of 1.10. Diamondback Energy has a 1 year low of $82.77 and a 1 year high of $114.93. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.31. The company had revenue of $301.30 million during the quarter, compared to the consensus estimate of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The firm’s quarterly revenue was up 112.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. equities analysts anticipate that Diamondback Energy will post 5.01 EPS for the current fiscal year.

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In related news, CFO Teresa L. Dick sold 5,000 shares of the 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 owns 31,760 shares of the company’s stock, valued at approximately $3,550,450.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total transaction of $57,518.50. Following the transaction, the vice president now directly owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The disclosure for this sale can be found here. In the last three months, insiders sold 23,805 shares of company stock valued at $2,446,531. Corporate insiders own 0.41% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Viking Fund Management LLC boosted its position in shares of Diamondback Energy by 6.3% during the 3rd quarter. Viking Fund Management LLC now owns 220,000 shares of the oil and natural gas company’s stock worth $21,551,000 after purchasing an additional 13,000 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Diamondback Energy by 964.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock worth $164,114,000 after buying an additional 1,674,336 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Diamondback Energy by 8,536.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 767,052 shares of the oil and natural gas company’s stock worth $8,637,000 after buying an additional 758,170 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Diamondback Energy by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 831,952 shares of the oil and natural gas company’s stock worth $73,887,000 after buying an additional 62,224 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Diamondback Energy by 4.9% during the 2nd quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock worth $438,409,000 after buying an additional 229,276 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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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