Share on StockTwits

Diamondback Energy (NASDAQ:FANG) CEO Travis D. Stice unloaded 75,000 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $72.65, for a total value of $5,448,750.00. Following the completion of the transaction, the chief executive officer now directly owns 14,705 shares of the company’s stock, valued at approximately $1,068,318. The transaction was disclosed in a document filed with the SEC, which is available at this link.

A number of research firms have recently commented on FANG. Analysts at Sterne Agee reiterated a “buy” rating on shares of Diamondback Energy in a research note on Tuesday. They now have a $93.00 price target on the stock, up previously from $77.00. Separately, analysts at Wunderlich raised their price target on shares of Diamondback Energy from $75.00 to $85.00 in a research note on Wednesday, April 16th. They now have a “buy” rating on the stock. Finally, analysts at SunTrust downgraded shares of Diamondback Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $75.00 price target on the stock, down previously from $80.00. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Diamondback Energy presently has a consensus rating of “Buy” and a consensus price target of $69.26.

Shares of Diamondback Energy (NASDAQ:FANG) traded down 0.50% on Wednesday, hitting $73.89. 640,989 shares of the company’s stock traded hands. Diamondback Energy has a 52-week low of $25.78 and a 52-week high of $76.72. The stock’s 50-day moving average is $66.76 and its 200-day moving average is $55.63. The company has a market cap of $3.481 billion and a price-to-earnings ratio of 57.57.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.01. Analysts expect that Diamondback Energy will post $2.79 EPS 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.