Insider Selling: Teresa L. Dick Unloads 10,000 Shares of Diamondback Energy Stock (FANG)
Diamondback Energy (NASDAQ:FANG) CFO Teresa L. Dick sold 10,000 shares of the company’s stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $90.06, for a total value of $900,600.00. Following the sale, the chief financial officer now directly owns 788 shares in the company, valued at approximately $70,967. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $77.06.
Shares of Diamondback Energy (NASDAQ:FANG) traded up 1.80% during mid-day trading on Monday, hitting $91.41. The stock had a trading volume of 1,253,837 shares. Diamondback Energy has a 1-year low of $31.49 and a 1-year high of $93.33. The stock’s 50-day moving average is $78.06 and its 200-day moving average is $63.84. The company has a market cap of $4.643 billion and a P/E ratio of 56.05.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results 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. Analysts expect that Diamondback Energy will post $2.77 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.
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