Williams Capital reissued their hold rating on shares of Diamondback Energy Inc. (NASDAQ:FANG) in a research note published on Monday morning. The firm currently has a $112.00 target price on the stock, up from their previous target price of $105.00.

Other analysts also recently issued research reports about the stock. BMO Capital Markets reiterated a buy rating and issued a $95.00 target price on shares of Diamondback Energy in a report on Wednesday, August 3rd. Wunderlich lifted their target price on shares of Diamondback Energy from $100.00 to $110.00 and gave the company a buy rating in a report on Thursday, July 14th. Zacks Investment Research upgraded shares of Diamondback Energy from a hold rating to a buy rating and set a $102.00 target price for the company in a report on Wednesday, June 29th. Deutsche Bank AG lifted their target price on shares of Diamondback Energy from $100.00 to $104.00 and gave the company a buy rating in a report on Tuesday, June 14th. Finally, Canaccord Genuity upgraded shares of Diamondback Energy from a hold rating to a buy rating and set a $100.00 target price for the company in a report on Wednesday, July 20th. Seven investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Diamondback Energy presently has an average rating of Buy and an average price target of $96.93.

Shares of Diamondback Energy (NASDAQ:FANG) traded down 0.15% during mid-day trading on Monday, hitting $105.05. The stock had a trading volume of 648,667 shares. The stock’s 50-day moving average is $94.07 and its 200 day moving average is $89.20. The firm’s market cap is $8.20 billion. Diamondback Energy has a 12 month low of $55.48 and a 12 month high of $106.84.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm had revenue of $112.48 million for the quarter, compared to analyst estimates of $112.47 million. Diamondback Energy had a negative net margin of 124.95% and a positive return on equity of 3.82%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Equities research analysts predict that Diamondback Energy will post $1.00 earnings per share for the current fiscal year.

In other Diamondback Energy news, COO Michael L. Hollis sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Travis D. Stice sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $98.00, for a total transaction of $2,940,000.00. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Miles Capital Inc. increased its stake in Diamondback Energy by 1.5% in the second quarter. Miles Capital Inc. now owns 4,755 shares of the company’s stock worth $434,000 after buying an additional 69 shares during the period. IBM Retirement Fund boosted its position in shares of Diamondback Energy by 1.1% in the second quarter. IBM Retirement Fund now owns 7,238 shares of the company’s stock valued at $660,000 after buying an additional 77 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Diamondback Energy by 0.9% in the second quarter. Fifth Third Bancorp now owns 14,292 shares of the company’s stock valued at $1,304,000 after buying an additional 122 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Diamondback Energy by 7.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 2,082 shares of the company’s stock valued at $161,000 after buying an additional 141 shares in the last quarter. Finally, Geneva Advisors LLC boosted its position in shares of Diamondback Energy by 1.4% in the second quarter. Geneva Advisors LLC now owns 10,670 shares of the company’s stock valued at $973,000 after buying an additional 150 shares in the last quarter. Institutional investors own 99.74% of the company’s stock.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres.

5 Day Chart for NASDAQ:FANG

Receive News & Stock Ratings for Diamondback Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy Inc. and related stocks with our FREE daily email newsletter.