Diamondback Energy (NASDAQ:FANG) had its target price upped by Imperial Capital from $160.00 to $165.00 in a research note issued to investors on Friday. Imperial Capital currently has an outperform rating on the oil and natural gas company’s stock. Imperial Capital also issued estimates for Diamondback Energy’s FY2019 earnings at $11.01 EPS.

FANG has been the topic of several other research reports. BidaskClub cut shares of Diamondback Energy from a buy rating to a hold rating in a research note on Thursday, July 19th. Stifel Nicolaus set a $166.00 price objective on shares of Diamondback Energy and gave the company a buy rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. raised their price objective on shares of Diamondback Energy from $155.00 to $156.00 and gave the company an overweight rating in a research report on Tuesday, May 1st. Jefferies Financial Group set a $181.00 price objective on shares of Diamondback Energy and gave the company a buy rating in a research report on Thursday, July 19th. Finally, ValuEngine upgraded shares of Diamondback Energy from a hold rating to a buy rating in a research report on Wednesday, June 20th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $150.48.

Diamondback Energy stock opened at $131.87 on Friday. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 0.66 and a beta of 0.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.54. Diamondback Energy has a 52 week low of $85.73 and a 52 week high of $138.25.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.05). The company had revenue of $526.30 million for the quarter, compared to analyst estimates of $479.57 million. Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. The firm’s quarterly revenue was up 95.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. research analysts forecast that Diamondback Energy will post 6.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 27th. Shareholders of record on Monday, August 20th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, August 17th. Diamondback Energy’s payout ratio is 9.43%.

In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $137.00, for a total value of $274,000.00. Following the completion of the transaction, the vice president now directly owns 91,532 shares in the company, valued at $12,539,884. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Hof Matthew Kaes Van’t sold 832 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $128.46, for a total transaction of $106,878.72. Following the completion of 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. Over the last quarter, insiders sold 10,332 shares of company stock valued at $1,367,579. Corporate insiders own 0.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC acquired a new position in shares of Diamondback Energy in the first quarter worth about $5,454,000. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of Diamondback Energy by 51.6% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 23,500 shares of the oil and natural gas company’s stock worth $3,091,000 after purchasing an additional 8,000 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of Diamondback Energy by 23.2% during the second quarter. Capital Investment Advisory Services LLC now owns 3,590 shares of the oil and natural gas company’s stock worth $472,000 after purchasing an additional 675 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Diamondback Energy during the first quarter worth approximately $1,102,000. Finally, Bright Rock Capital Management LLC acquired a new stake in shares of Diamondback Energy during the second quarter worth approximately $1,855,000. Institutional investors own 97.54% of the company’s stock.

About Diamondback Energy

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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