Diamondback Energy CFO Sells $503,328 in Stock (FANG)
Diamondback Energy (NASDAQ:FANG) CFO Teresa Dick unloaded 11,235 shares of Diamondback Energy stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.80, for a total value of $503,328.00. Following the sale, the chief financial officer now directly owns 1,100 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on FANG shares. 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 assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.00.
Shares of Diamondback Energy (NASDAQ:FANG) opened at 44.67 on Thursday. Diamondback Energy has a 52 week low of $15.65 and a 52 week high of $47.22. The stock’s 50-day moving average is $42.07 and its 200-day moving average is $33.51. The company has a market cap of $1.883 billion and a price-to-earnings ratio of 85.74.
Diamondback Energy (NASDAQ:FANG) last released its earnings data on Tuesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.