Diamondback Energy Inc. (NASDAQ:FANG) had its target price upped by Barclays PLC from $88.00 to $108.00 in a research note released on Tuesday morning. Barclays PLC currently has an equal weight rating on the stock.

A number of other analysts also recently weighed in on the stock. Canaccord Genuity upped their target price on shares of Diamondback Energy from $103.00 to $116.00 and gave the stock a buy rating in a research report on Tuesday. KLR Group increased their price objective on shares of Diamondback Energy from $126.00 to $139.00 and gave the company a buy rating in a research report on Tuesday. Wunderlich increased their price objective on shares of Diamondback Energy from $110.00 to $130.00 and gave the company a buy rating in a research report on Tuesday. Williams Capital reissued a hold rating and set a $112.00 price objective (up from $105.00) on shares of Diamondback Energy in a research report on Monday. Finally, Mizuho started coverage on shares of Diamondback Energy in a research report on Wednesday, October 5th. They set a buy rating and a $105.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $98.28.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

Diamondback Energy (NASDAQ:FANG) traded up 0.05% during trading on Tuesday, hitting $104.89. 394,759 shares of the stock traded hands. Diamondback Energy has a 12 month low of $55.48 and a 12 month high of $106.84. The stock’s market cap is $8.18 billion. The company has a 50-day moving average price of $94.31 and a 200-day moving average price of $89.31.

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

In other Diamondback Energy news, COO Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Russell Pantermuehl sold 2,000 shares of Diamondback Energy stock in a transaction on Monday, August 1st. The stock was sold at an average price of $85.34, for a total transaction of $170,680.00. Following the transaction, the vice president now directly owns 67,914 shares of the company’s stock, valued at $5,795,780.76. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FANG. Wellington Management Group LLP raised its position in Diamondback Energy by 0.4% in the first quarter. Wellington Management Group LLP now owns 7,512,803 shares of the company’s stock valued at $579,839,000 after buying an additional 26,247 shares during the last quarter. Geode Capital Management LLC raised its position in Diamondback Energy by 12.0% in the first quarter. Geode Capital Management LLC now owns 466,203 shares of the company’s stock valued at $35,981,000 after buying an additional 49,821 shares during the last quarter. Rafferty Asset Management LLC purchased a new position in Diamondback Energy during the first quarter valued at approximately $489,000. State Street Corp raised its position in Diamondback Energy by 2.1% in the first quarter. State Street Corp now owns 1,268,725 shares of the company’s stock valued at $97,921,000 after buying an additional 26,576 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Diamondback Energy during the first quarter valued at approximately $2,248,000. 99.74% of the stock is owned by institutional investors.

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

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