Diamondback Energy VP Russell Pantermuehl Sells 28,661 Shares (FANG)
Diamondback Energy (NASDAQ:FANG) VP Russell Pantermuehl sold 28,661 shares of Diamondback Energy stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.77, for a total transaction of $1,283,152.97. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 issued a buy rating to the company’s stock. Diamondback Energy presently has an average rating of “Buy” and a consensus price target of $46.00.
Diamondback Energy (NASDAQ:FANG) traded up 0.18% during mid-day trading 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 announced its 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. The company’s revenue for the quarter was up 183.8% on a year-over-year basis. 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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