Diamondback Energy PT Raised to $60.00 at Topeka Capital Markets (FANG)
Stock analysts at Topeka Capital Markets upped their target price on shares of Diamondback Energy (NASDAQ:FANG) from $54.00 to $60.00 in a report issued on Thursday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price would suggest a potential upside of 12.53% from the stock’s previous close.
A number of other firms have also recently commented on FANG. Analysts at Sterne Agee reiterated a “buy” rating on shares of Diamondback Energy in a research note to investors on Thursday. They now have a $54.00 price target on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Diamondback Energy in a research note to investors on Thursday. They now have a $69.00 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of Diamondback Energy from $53.00 to $58.00 in a research note to investors on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $50.69.
In other Diamondback Energy news, VP Jeffrey L. White sold 21,955 shares of the company’s stock on the open market in a transaction dated Thursday, October 17th. The shares were sold at an average price of $49.83, for a total transaction of $1,094,017.65. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Diamondback Energy (NASDAQ:FANG) traded down 1.26% on Thursday, hitting $53.32. 771,959 shares of the company’s stock traded hands. 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 $41.47 and a 200-day moving average of $32.93. The company has a market cap of $2.248 billion and a price-to-earnings ratio of 103.65.
Diamondback Energy (NASDAQ:FANG) last announced its earnings results 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 $1.24 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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