Williams Capital reiterated their hold rating on shares of Diamondback Energy, Inc. (NASDAQ:FANG) in a research note released on Tuesday morning. Williams Capital currently has a $110.00 price objective on the oil and natural gas company’s stock, up from their prior price objective of $105.00.

FANG has been the subject of several other reports. Scotiabank set a $95.00 price objective on shares of Diamondback Energy and gave the stock a buy rating in a report on Saturday, July 1st. Mizuho reiterated a buy rating and issued a $114.00 target price (up previously from $109.00) on shares of Diamondback Energy in a report on Thursday, August 3rd. Roth Capital lifted their target price 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 $110.00 target price on shares of Diamondback Energy and gave the stock a buy rating in a research report on Saturday, August 12th. Finally, Northland Securities reissued a buy rating and set a $125.00 target price on shares of Diamondback Energy in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $120.18.

Diamondback Energy (NASDAQ:FANG) traded up 0.55% during midday trading on Tuesday, reaching $100.63. 829,528 shares of the company traded hands. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $114.00. The firm has a 50 day moving average of $92.28 and a 200-day moving average of $95.13. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 27.67 and a beta of 1.08.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.44. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The firm had revenue of $267.40 million during the quarter, compared to analysts’ expectations of $258.75 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was up 137.7% on a year-over-year basis. Analysts forecast that Diamondback Energy will post $4.91 EPS for the current fiscal year.

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In other Diamondback Energy news, insider Michael L. Hollis sold 1,000 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Russell Pantermuehl sold 4,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $96.89, for a total value of $387,560.00. Following the transaction, the vice president now owns 70,214 shares of the company’s stock, valued at $6,803,034.46. The disclosure for this sale can be found here. Insiders sold 10,805 shares of company stock valued at $1,029,501 in the last three months. Company insiders own 0.41% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FANG. Artisan Partners Limited Partnership boosted its stake in shares of Diamondback Energy by 964.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock valued at $164,114,000 after purchasing an additional 1,674,336 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of 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 purchasing an additional 758,170 shares in the last quarter. Nicholas Investment Partners LP increased its position in shares of Diamondback Energy by 39.4% during the 1st quarter. Nicholas Investment Partners LP now owns 34,856 shares of the oil and natural gas company’s stock worth $3,615,000 after purchasing an additional 9,849 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Diamondback Energy by 97.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 14,739 shares of the oil and natural gas company’s stock worth $1,529,000 after purchasing an additional 7,269 shares in the last quarter. Finally, Warburg Pincus LLC acquired a new stake in shares of Diamondback Energy during the 1st quarter worth about $291,598,000.

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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