Diamondback Energy’s (FANG) “Buy” Rating Reaffirmed at Williams Capital

Williams Capital reissued their buy rating on shares of Diamondback Energy (NASDAQ:FANG) in a research note published on Tuesday morning, AnalystRatings.com reports. Williams Capital currently has a $165.00 price objective on the oil and natural gas company’s stock.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Diamondback Energy from a buy rating to a hold rating in a research report on Thursday, July 18th. Raymond James raised Diamondback Energy from an outperform rating to a strong-buy rating in a research report on Thursday, May 9th. ValuEngine lowered Diamondback Energy from a hold rating to a sell rating in a research report on Friday, July 26th. Morgan Stanley lowered their price target on Diamondback Energy from $151.00 to $143.00 and set an overweight rating for the company in a research report on Friday, July 12th. Finally, KeyCorp lifted their price target on Diamondback Energy from $125.00 to $133.00 and gave the stock an overweight rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $158.71.

Shares of Diamondback Energy stock opened at $97.49 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.62 and a quick ratio of 0.59. The stock has a market capitalization of $17.03 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 0.68 and a beta of 0.82. The firm’s fifty day moving average price is $105.24. Diamondback Energy has a 12 month low of $85.19 and a 12 month high of $140.78.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.36 by $0.03. The business had revenue of $864.00 million during the quarter, compared to analyst estimates of $893.16 million. Diamondback Energy had a return on equity of 6.81% and a net margin of 27.05%. The company’s revenue for the quarter was up 80.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 earnings per share. As a group, equities analysts expect that Diamondback Energy will post 7.36 EPS for the current year.

In other Diamondback Energy news, CFO Hof Matthew Kaes Van’t sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $107.47, for a total value of $161,205.00. Following the completion of the transaction, the chief financial officer now owns 27,465 shares of the company’s stock, valued at approximately $2,951,663.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Russell Pantermuehl sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $107.28, for a total value of $536,400.00. Following the completion of the transaction, the vice president now directly owns 112,107 shares of the company’s stock, valued at approximately $12,026,838.96. The disclosure for this sale can be found here. In the last three months, insiders sold 11,500 shares of company stock valued at $1,258,505. 0.47% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Archford Capital Strategies LLC grew its stake in shares of Diamondback Energy by 1,100.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 240 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Berman Capital Advisors LLC grew its stake in shares of Diamondback Energy by 180.8% during the 1st quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Diamondback Energy during the 2nd quarter valued at about $32,000. Manchester Capital Management LLC bought a new stake in shares of Diamondback Energy during the 1st quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Diamondback Energy during the 2nd quarter valued at about $44,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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