Diamondback Energy, Inc. (NASDAQ:FANG) had its price objective boosted by analysts at Roth Capital from $120.00 to $130.00 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the oil and natural gas company’s stock. Roth Capital’s price target points to a potential upside of 34.74% from the company’s current price.

FANG has been the topic of several other research reports. Wells Fargo & Company reiterated an “outperform” rating and set a $110.00 price target (down previously from $125.00) on shares of Diamondback Energy in a research report on Saturday, July 22nd. Bank of America Corporation began coverage on shares of Diamondback Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $115.00 price target on the stock. BMO Capital Markets reiterated a “buy” rating and set a $100.00 price target on shares of Diamondback Energy in a research report on Tuesday, June 27th. TheStreet downgraded shares of Diamondback Energy from a “b-” rating to a “c” rating in a research report on Thursday, July 6th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $110.00 price target (down previously from $123.00) on shares of Diamondback Energy in a research report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $115.89.

Diamondback Energy (NASDAQ FANG) traded down 0.07% during trading on Thursday, reaching $96.41. 186,683 shares of the company’s stock traded hands. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 2051.28 and a beta of 1.05. The firm’s 50 day moving average is $89.20 and its 200-day moving average is $98.84. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $114.00.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and natural gas company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.43. The business had revenue of $235.23 million for the quarter, compared to the consensus estimate of $218.62 million. Diamondback Energy had a net margin of 0.62% and a return on equity of 6.51%. Analysts expect that Diamondback Energy will post $4.25 EPS for the current fiscal year.

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In other news, Director Steven E. West acquired 2,400 shares of the stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $103.45 per share, for a total transaction of $248,280.00. Following the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at $248,280. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael L. Hollis sold 1,000 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FANG. Toronto Dominion Bank boosted its position in shares of Diamondback Energy by 26.2% in the first quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock worth $100,000 after buying an additional 201 shares during the last quarter. Creative Planning boosted its position in shares of Diamondback Energy by 7.3% in the third quarter. Creative Planning now owns 1,073 shares of the oil and natural gas company’s stock worth $104,000 after buying an additional 73 shares during the last quarter. Winch Advisory Services LLC bought a new position in shares of Diamondback Energy during the first quarter worth approximately $105,000. BOKF NA boosted its position in shares of Diamondback Energy by 12.8% in the third quarter. BOKF NA now owns 1,208 shares of the oil and natural gas company’s stock worth $116,000 after buying an additional 137 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Diamondback Energy by 56.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,359 shares of the oil and natural gas company’s stock worth $125,000 after buying an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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