Diamondback Energy VP Sells $124,294 in Stock (FANG)
Diamondback Energy (NASDAQ:FANG) VP William Franklin sold 2,780 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $44.71, for a total transaction of $124,293.80. Following the completion of the sale, the vice president now directly owns 5,792 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.00.
Shares of Diamondback Energy (NASDAQ:FANG) traded up 0.18% during mid-day trading on Wednesday, hitting $44.67. 441,440 shares of the company’s stock traded hands. Diamondback Energy has a one year low of $15.65 and a one year 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 released its earnings data on Tuesday, August 6th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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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