Diamondback Energy (NASDAQ:FANG) has been given a $140.00 target price by research analysts at Northland Securities in a report released on Wednesday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Northland Securities’ price target suggests a potential upside of 21.71% from the stock’s current price.

Several other brokerages have also recently issued reports on FANG. Zacks Investment Research raised Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Wednesday, January 17th. Deutsche Bank initiated coverage on Diamondback Energy in a report on Thursday, February 1st. They set a “buy” rating and a $162.00 price objective on the stock. Scotiabank reaffirmed a “buy” rating and set a $118.00 price objective on shares of Diamondback Energy in a report on Wednesday, November 22nd. Morgan Stanley upped their price objective on Diamondback Energy from $118.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $138.00 price objective on shares of Diamondback Energy in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $136.70.

Shares of Diamondback Energy (FANG) traded down $0.98 on Wednesday, hitting $115.03. The stock had a trading volume of 1,649,000 shares, compared to its average volume of 1,305,030. The stock has a market cap of $11,290.00, a PE ratio of 23.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.91. Diamondback Energy has a twelve month low of $82.77 and a twelve month high of $134.52. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. analysts expect that Diamondback Energy will post 5.07 earnings per share for the current year.

In other Diamondback Energy news, CFO Teresa L. Dick sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $112.13, for a total value of $112,130.00. Following the transaction, the chief financial officer now owns 30,760 shares of the company’s stock, valued at approximately $3,449,118.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Travis D. Stice sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $4,375,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 68,400 shares of company stock worth $8,337,200 in the last 90 days. 0.41% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Boston Partners grew its position in Diamondback Energy by 18.1% in the 3rd quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock valued at $771,379,000 after acquiring an additional 1,208,864 shares during the last quarter. State Street Corp grew its position in Diamondback Energy by 8.3% in the 2nd quarter. State Street Corp now owns 2,192,372 shares of the oil and natural gas company’s stock valued at $194,707,000 after acquiring an additional 168,604 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Diamondback Energy by 15.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,141,967 shares of the oil and natural gas company’s stock valued at $209,827,000 after acquiring an additional 294,048 shares during the last quarter. Van ECK Associates Corp grew its position in Diamondback Energy by 2.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,706,199 shares of the oil and natural gas company’s stock valued at $167,139,000 after acquiring an additional 33,582 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Diamondback Energy by 10.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,529,601 shares of the oil and natural gas company’s stock valued at $193,111,000 after acquiring an additional 145,951 shares during the last quarter.

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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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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