Diamondback Energy (FANG) Given a $137.00 Price Target at Williams Capital
Williams Capital set a $137.00 price target on Diamondback Energy (NASDAQ:FANG) in a research note released on Wednesday. The brokerage currently has a hold rating on the oil and natural gas company’s stock.
A number of other analysts also recently issued reports on the company. Barclays reaffirmed a buy rating and set a $138.00 price target on shares of Diamondback Energy in a report on Sunday, December 24th. Piper Jaffray Companies reaffirmed a buy rating and set a $138.00 price target on shares of Diamondback Energy in a report on Tuesday, January 9th. KeyCorp reaffirmed an overweight rating and set a $125.00 price target (up from $117.00) on shares of Diamondback Energy in a report on Tuesday, November 7th. BidaskClub raised Diamondback Energy from a buy rating to a strong-buy rating in a report on Friday, December 22nd. Finally, Credit Suisse Group began coverage on Diamondback Energy in a research report on Monday, December 11th. They set an outperform rating and a $123.00 target price on the stock. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $136.70.
Shares of Diamondback Energy (FANG) traded up $7.80 during midday trading on Wednesday, reaching $122.83. The company’s stock had a trading volume of 2,901,500 shares, compared to its average volume of 1,354,465. The stock has a market cap of $11,292.18, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $134.52.
In related news, VP Paul Molnar sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $111.83, for a total value of $559,150.00. Following the transaction, the vice president now owns 37,563 shares in the company, valued at approximately $4,200,670.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $111.45, for a total value of $222,900.00. Following the completion of the transaction, the vice president now owns 63,314 shares in the company, valued at approximately $7,056,345.30. The disclosure for this sale can be found here. Insiders 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 hedge funds have recently modified their holdings of the stock. BB&T Securities LLC increased its position in Diamondback Energy by 479.0% in the 4th quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock valued at $2,103,000 after acquiring an additional 13,780 shares during the period. VR Advisory Services Ltd increased its position in Diamondback Energy by 50.0% in the 4th quarter. VR Advisory Services Ltd now owns 21,000 shares of the oil and natural gas company’s stock valued at $2,651,000 after acquiring an additional 7,000 shares during the period. Castleark Management LLC increased its position in Diamondback Energy by 127.1% in the 4th quarter. Castleark Management LLC now owns 113,983 shares of the oil and natural gas company’s stock valued at $14,390,000 after acquiring an additional 63,801 shares during the period. Sentinel Trust Co. LBA acquired a new position in Diamondback Energy in the 4th quarter valued at about $443,000. Finally, Macquarie Group Ltd. increased its position in Diamondback Energy by 26.5% in the 4th quarter. Macquarie Group Ltd. now owns 293,815 shares of the oil and natural gas company’s stock valued at $37,201,000 after acquiring an additional 61,600 shares during the period.
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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