Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Diamondback Energy (FANG) Share Price
News articles about Diamondback Energy (NASDAQ:FANG) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamondback Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the oil and natural gas company an impact score of 47.4965360579773 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Diamondback Energy’s (FANG) “Buy” Rating Reaffirmed at US Capital Advisors (americanbankingnews.com)
- [$$] Diamondback Energy Makes $725 Million Offer for Breitburn Permian Basin Assets (finance.yahoo.com)
- Diamondback Energy Inc to Post Q4 2017 Earnings of $1.31 Per Share, Seaport Global Securities Forecasts (FANG) (americanbankingnews.com)
- Buy stock analysis: Diamondback Energy, Inc. (FANG) – Street Observer (press release) (streetobserver.com)
- Analysts Offer Predictions for Diamondback Energy Inc’s FY2017 Earnings (FANG) (americanbankingnews.com)
Several analysts recently issued reports on the stock. US Capital Advisors reaffirmed a “buy” rating on shares of Diamondback Energy in a report on Monday. Williams Capital reaffirmed a “hold” rating and issued a $110.00 price target (up from $105.00) on shares of Diamondback Energy in a report on Tuesday. Northland Securities reaffirmed a “buy” rating and issued a $125.00 price target on shares of Diamondback Energy in a report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 price target on shares of Diamondback Energy in a report on Thursday, September 14th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $113.00 price target on shares of Diamondback Energy in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $120.38.
Diamondback Energy (NASDAQ:FANG) opened at 99.75 on Friday. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 27.43 and a beta of 1.08. 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 $92.98 and its 200 day moving average is $95.20.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data 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. 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 analyst estimates of $258.75 million. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 137.7% compared to the same quarter last year. On average, analysts predict that Diamondback Energy will post $4.91 earnings per share for the current fiscal year.
In other news, VP Paul Molnar sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $95.04, for a total value of $475,200.00. Following the completion of the sale, the vice president now directly owns 42,563 shares in the company, valued at $4,045,187.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael L. Hollis sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,805 shares of company stock valued at $1,129,501. 0.41% of the stock is currently owned by corporate insiders.
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Diamondback Energy Company Profile
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.
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