Diamondback Energy Stock Rating Upgraded by Tudor Pickering (FANG)
Shares of Diamondback Energy (NASDAQ:FANG) opened at 75.86 on Friday. Diamondback Energy has a 52 week low of $38.10 and a 52 week high of $93.33. The stock has a 50-day moving average of $84.11 and a 200-day moving average of $72.89. The company has a market cap of $4.296 billion and a price-to-earnings ratio of 43.24.
Diamondback Energy (NASDAQ:FANG) last issued its earnings data on Tuesday, August 5th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.01. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $126.64 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 179.7% on a year-over-year basis. On average, analysts predict that Diamondback Energy will post $2.70 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Diamondback Energy in a research note on Thursday, August 7th. They now have a $110.00 price target on the stock, down previously from $115.00. Separately, analysts at Howard Weil raised their price target on shares of Diamondback Energy from $97.00 to $104.00 in a research note on Thursday, August 7th. They now have a “sector outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Diamondback Energy from $108.00 to $121.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $98.06.
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.