Diamondback Energy VP Randall Holder Sells 16,786 Shares (FANG)
Diamondback Energy (NASDAQ:FANG) VP Randall Holder sold 16,786 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $44.56, for a total transaction of $747,984.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FANG has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Diamondback Energy (NASDAQ:FANG) from $50.00 to $54.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Diamondback Energy (NASDAQ:FANG) in a research note to investors on Wednesday. They set an “outperform” rating and a $52.00 price target on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Diamondback Energy (NASDAQ:FANG) in a research note to investors on Tuesday. They set an “outperform” rating on the stock.
Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.00.
Diamondback Energy (NASDAQ:FANG) traded up 0.18% on Wednesday, hitting $44.67. The stock had a trading volume of 441,440 shares. Diamondback Energy has a 52 week low of $15.65 and a 52 week high of $47.22. The stock has a 50-day moving average of $42.07 and a 200-day moving average of $33.51. The company has a market cap of $1.883 billion and a P/E ratio of 85.59.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.04. The company had revenue of $45.40 million for the quarter, compared to the consensus estimate of $43.34 million. Diamondback Energy’s revenue was up 183.8% compared to the same quarter last year. On average, analysts predict that Diamondback Energy will post $1.29 earnings per share for the current fiscal year.
Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
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