Diamondback Energy (NASDAQ:FANG)‘s stock had its “overweight” rating reissued by investment analysts at Capital One Financial in a research note issued to investors on Wednesday.

A number of other analysts also recently issued reports on FANG. BidaskClub raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Williams Capital set a $162.00 target price on shares of Diamondback Energy and gave the stock a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Diamondback Energy from $155.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 1st. ValuEngine raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, Morgan Stanley increased their target price on shares of Diamondback Energy from $163.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Diamondback Energy presently has an average rating of “Buy” and a consensus price target of $147.96.

FANG opened at $131.15 on Wednesday. The company has a market cap of $13.29 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. Diamondback Energy has a 1 year low of $85.73 and a 1 year high of $138.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.52.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.64 by ($0.05). The business had revenue of $526.30 million for the quarter, compared to analyst estimates of $479.57 million. Diamondback Energy had a return on equity of 10.53% and a net margin of 35.09%. The firm’s revenue for the quarter was up 95.4% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. analysts expect that Diamondback Energy will post 6.84 earnings per share for the current year.

In other news, CFO Teresa L. Dick sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $136.98, for a total transaction of $342,450.00. Following the completion of the transaction, the chief financial officer now directly owns 26,647 shares in the company, valued at approximately $3,650,106.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Hof Matthew Kaes Van’t sold 832 shares of the stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $128.46, for a total value of $106,878.72. Following the transaction, the vice president now owns 6,897 shares of the company’s stock, valued at $885,988.62. The disclosure for this sale can be found here. Insiders sold 10,332 shares of company stock valued at $1,367,579 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Standard Life Aberdeen plc purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at approximately $717,000. Marietta Investment Partners LLC boosted its stake in shares of Diamondback Energy by 1.0% during the 2nd quarter. Marietta Investment Partners LLC now owns 64,307 shares of the oil and natural gas company’s stock valued at $8,461,000 after buying an additional 618 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at approximately $204,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Diamondback Energy by 41.7% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,534 shares of the oil and natural gas company’s stock valued at $1,912,000 after buying an additional 4,279 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at approximately $233,000.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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