Diamondback Energy, Inc. (NASDAQ:FANG) has been given a $130.00 price objective by research analysts at BMO Capital Markets in a report released on Tuesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price target points to a potential upside of 21.93% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Roth Capital boosted their price target on Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Northland Securities set a $125.00 price target on Diamondback Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Morgan Stanley boosted their price target on Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Williams Capital set a $114.00 price target on Diamondback Energy and gave the company a “hold” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $124.83.

Shares of Diamondback Energy (FANG) opened at $106.62 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $114.93. The company has a market capitalization of $10,628.57, a PE ratio of 23.18, a PEG ratio of 0.79 and a beta of 1.10.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business’s revenue was up 112.0% compared to the same quarter last year. research analysts forecast that Diamondback Energy will post 5.01 EPS for the current fiscal year.

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In other news, VP Hof Matthew Kaes Van’t sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total transaction of $57,518.50. Following the sale, the vice president now owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Molnar sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 42,563 shares in the company, valued at approximately $4,045,187.52. The disclosure for this sale can be found here. Insiders have sold a total of 23,805 shares of company stock worth $2,446,531 in the last three months. Corporate insiders own 0.41% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of Diamondback Energy by 21.0% during the 3rd quarter. Sterling Capital Management LLC now owns 37,872 shares of the oil and natural gas company’s stock worth $3,710,000 after acquiring an additional 6,575 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Diamondback Energy by 1.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 130,510 shares of the oil and natural gas company’s stock worth $12,785,000 after acquiring an additional 1,813 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Diamondback Energy during the 3rd quarter worth approximately $483,000. California Public Employees Retirement System raised its position in shares of Diamondback Energy by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 186,161 shares of the oil and natural gas company’s stock worth $18,236,000 after purchasing an additional 4,661 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Diamondback Energy by 139.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,546 shares of the oil and natural gas company’s stock worth $1,817,000 after purchasing an additional 10,806 shares during the last quarter.

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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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