Diamondback Energy (NASDAQ:FANG) has been given a $175.00 price objective by TD Securities in a report issued on Saturday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. TD Securities’ price target would suggest a potential upside of 29.82% from the company’s previous close.

A number of other brokerages have also recently commented on FANG. SunTrust Banks reaffirmed a “buy” rating and issued a $170.00 target price on shares of Diamondback Energy in a report on Friday. Capital One Financial reiterated an “overweight” rating on shares of Diamondback Energy in a research report on Wednesday. Williams Capital reiterated a “hold” rating and issued a $162.00 price objective on shares of Diamondback Energy in a research report on Thursday. Morgan Stanley lifted their price objective on shares of Diamondback Energy from $161.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, May 24th. Finally, ValuEngine lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Diamondback Energy has an average rating of “Buy” and an average target price of $149.88.

FANG stock traded up $3.65 during midday trading on Friday, reaching $134.80. 1,340,747 shares of the company were exchanged, compared to its average volume of 885,248. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.30. Diamondback Energy has a 1-year low of $85.73 and a 1-year high of $138.25. The stock has a market cap of $12.93 billion, a P/E ratio of 25.43, a PEG ratio of 0.72 and a beta of 0.62.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.05). The company had revenue of $526.30 million for the quarter, compared to analyst estimates of $479.57 million. Diamondback Energy had a return on equity of 10.73% and a net margin of 33.37%. The firm’s revenue for the quarter was up 95.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. equities research analysts predict that Diamondback Energy will post 6.76 earnings per share for the current year.

In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $136.98, for a total transaction of $342,450.00. Following the sale, the chief financial officer now directly owns 26,647 shares in the company, valued at approximately $3,650,106.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $137.00, for a total transaction of $274,000.00. Following the sale, the vice president now owns 91,532 shares in the company, valued at $12,539,884. The disclosure for this sale can be found here. Insiders have sold a total of 10,332 shares of company stock worth $1,367,579 over the last 90 days. Insiders own 0.57% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Diamondback Energy by 0.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,707,256 shares of the oil and natural gas company’s stock worth $722,082,000 after purchasing an additional 34,532 shares during the period. BlackRock Inc. boosted its holdings in Diamondback Energy by 5.5% in the 1st quarter. BlackRock Inc. now owns 4,993,647 shares of the oil and natural gas company’s stock worth $631,797,000 after acquiring an additional 261,658 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Diamondback Energy by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 733,515 shares of the oil and natural gas company’s stock worth $96,505,000 after acquiring an additional 109,099 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Diamondback Energy by 223.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 666,299 shares of the oil and natural gas company’s stock worth $84,300,000 after acquiring an additional 459,995 shares during the period. Finally, Columbus Circle Investors boosted its holdings in Diamondback Energy by 3.3% in the 1st quarter. Columbus Circle Investors now owns 665,839 shares of the oil and natural gas company’s stock worth $84,242,000 after acquiring an additional 21,407 shares during the period.

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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