Diamondback Energy Inc (NASDAQ:FANG) has been given an average rating of “Buy” by the twenty-seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $125.17.

Several research analysts have recently issued reports on FANG shares. Zacks Investment Research raised Diamondback Energy from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Monday, October 9th. KeyCorp reaffirmed an “overweight” rating and set a $125.00 price objective (up from $117.00) on shares of Diamondback Energy in a research report on Tuesday, November 7th. US Capital Advisors reaffirmed a “buy” rating on shares of Diamondback Energy in a research report on Monday, October 2nd. Citigroup started coverage on Diamondback Energy in a research report on Friday, December 1st. They set a “buy” rating and a $130.00 price objective for the company. Finally, Goldman Sachs Group cut Diamondback Energy from a “conviction-buy” rating to a “buy” rating and upped their price objective for the stock from $106.53 to $118.00 in a research report on Friday, November 17th.

Diamondback Energy (FANG) traded down $0.15 during trading hours on Monday, hitting $129.98. The stock had a trading volume of 867,450 shares, compared to its average volume of 1,096,268. The firm has a market cap of $12,774.51, a PE ratio of 31.47, a P/E/G ratio of 0.75 and a beta of 1.08. Diamondback Energy has a twelve month low of $82.77 and a twelve month high of $130.89. 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 (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.31. The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. research analysts forecast that Diamondback Energy will post 5.07 EPS for the current fiscal year.

In other Diamondback Energy news, CEO Travis D. Stice sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Teresa L. Dick sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $112.13, for a total value of $112,130.00. Following the sale, the chief financial officer now directly owns 30,760 shares of the company’s stock, valued at $3,449,118.80. The disclosure for this sale can be found here. Insiders sold a total of 78,400 shares of company stock valued at $9,361,210 over the last three months. Company insiders own 0.41% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aurora Investment Counsel purchased a new stake in Diamondback Energy during the 4th quarter valued at approximately $2,219,000. AXA raised its stake in Diamondback Energy by 4.7% during the 3rd quarter. AXA now owns 92,100 shares of the oil and natural gas company’s stock valued at $9,022,000 after acquiring an additional 4,100 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Diamondback Energy by 191.7% during the 3rd quarter. GSA Capital Partners LLP now owns 8,484 shares of the oil and natural gas company’s stock worth $831,000 after buying an additional 5,576 shares in the last quarter. Regents of The University of California purchased a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $1,413,000. Finally, GeoSphere Capital Management raised its stake in shares of Diamondback Energy by 15.4% during the 3rd quarter. GeoSphere Capital Management now owns 30,000 shares of the oil and natural gas company’s stock worth $2,939,000 after buying an additional 4,000 shares in the last quarter.

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About Diamondback Energy

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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