Insider Selling: Russell Pantermuehl Sells 8,700 Shares of Diamondback Energy Stock (FANG)
Diamondback Energy (NASDAQ:FANG) VP Russell Pantermuehl unloaded 8,700 shares of Diamondback Energy stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $90.16, for a total value of $784,392.00. Following the transaction, the vice president now directly owns 2,925 shares of the company’s stock, valued at approximately $263,718. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on FANG. Analysts at Topeka Capital Markets raised their price target on shares of Diamondback Energy from $86.00 to $100.00 in a research note on Monday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Mizuho raised their price target on shares of Diamondback Energy from $90.00 to $102.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital raised their price target on shares of Diamondback Energy from $77.00 to $91.00 in a research note on Thursday. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $77.06.
Diamondback Energy (NASDAQ:FANG) traded up 1.80% during mid-day trading on Monday, hitting $91.41. 1,253,837 shares of the company’s stock traded hands. Diamondback Energy has a 1-year low of $31.49 and a 1-year high of $93.33. The stock has a 50-day moving average of $78.06 and a 200-day moving average of $63.84. The company has a market cap of $4.643 billion and a price-to-earnings ratio of 56.05.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.56 by $0.03. The company had revenue of $98.00 million for the quarter, compared to the consensus estimate of $98.87 million. During the same quarter last year, the company posted $0.12 earnings per share. Diamondback Energy’s revenue was up 239.1% compared to the same quarter last year. On average, analysts predict that Diamondback Energy will post $2.77 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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