Diamondback Energy, Inc. (NASDAQ:FANG) has been assigned a $114.00 price target by research analysts at Williams Capital in a report released on Wednesday. The brokerage presently has a “hold” rating on the oil and natural gas company’s stock. Williams Capital’s target price suggests a potential upside of 27.10% from the stock’s previous close.

Several other research firms have also recently issued reports on FANG. BidaskClub raised shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Roth Capital increased their price target on shares of Diamondback Energy from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. BMO Capital Markets set a $100.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday. Northland Securities set a $125.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $151.00 price target on shares of Diamondback Energy in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $115.30.

Shares of Diamondback Energy (NASDAQ FANG) traded up 6.20% during trading on Wednesday, hitting $95.25. The company had a trading volume of 1,392,635 shares. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $114.00. The stock’s 50-day moving average is $89.98 and its 200 day moving average is $98.63. The firm has a market capitalization of $9.35 billion, a P/E ratio of 2026.60 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.44. The firm had revenue of $267.40 million during the quarter, compared to analysts’ expectations of $258.75 million. Diamondback Energy had a net margin of 38.24% and a return on equity of 8.74%. The firm’s revenue for the quarter was up 137.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Equities research analysts predict that Diamondback Energy will post $4.37 earnings per share for the current fiscal year.

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In related news, insider Michael L. Hollis sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven E. West bought 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $103.45 per share, for a total transaction of $248,280.00. Following the transaction, the director now owns 2,400 shares of the company’s stock, valued at approximately $248,280. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in FANG. UBS Asset Management Americas Inc. raised its position in shares of Diamondback Energy by 262.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 558,659 shares of the oil and natural gas company’s stock worth $56,456,000 after buying an additional 404,345 shares during the period. CENTRAL TRUST Co raised its position in shares of Diamondback Energy by 43.0% in the first quarter. CENTRAL TRUST Co now owns 36,968 shares of the oil and natural gas company’s stock worth $3,834,000 after buying an additional 11,112 shares during the period. Denali Advisors LLC bought a new position in shares of Diamondback Energy during the first quarter worth $1,120,000. Peregrine Capital Management LLC raised its position in shares of Diamondback Energy by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 151,401 shares of the oil and natural gas company’s stock worth $15,619,000 after buying an additional 10,398 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of Diamondback Energy during the first quarter worth $5,492,000. Institutional investors own 98.39% of the company’s stock.

About Diamondback Energy

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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