Diamondback Energy Inc (NASDAQ:FANG)‘s stock had its “buy” rating restated by equities researchers at US Capital Advisors in a report issued on Monday. US Capital Advisors also issued estimates for Diamondback Energy’s FY2017 earnings at $5.16 EPS, FY2018 earnings at $7.47 EPS, FY2019 earnings at $9.77 EPS, FY2020 earnings at $12.65 EPS and FY2021 earnings at $16.01 EPS.

Several other research firms also recently commented on FANG. Williams Capital reissued a “hold” rating and issued a $110.00 target price (up from $105.00) on shares of Diamondback Energy in a report on Tuesday. Northland Securities reissued a “buy” rating and issued a $125.00 target price on shares of Diamondback Energy in a report on Tuesday, September 26th. Roth Capital boosted their target price on Diamondback Energy from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub downgraded Diamondback Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets set a $100.00 target price on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $120.38.

Shares of Diamondback Energy (NASDAQ FANG) traded down 0.99% during trading on Monday, hitting $99.75. The company had a trading volume of 1,059,998 shares. The company’s 50 day moving average is $92.98 and its 200 day moving average is $95.20. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $114.00. The firm has a market capitalization of $9.79 billion, a P/E ratio of 27.43 and a beta of 1.08.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.44. Diamondback Energy had a return on equity of 13.42% and a net margin of 60.92%. The business had revenue of $267.40 million for the quarter, compared to the consensus estimate of $258.75 million. During the same period in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 137.7% compared to the same quarter last year. Analysts anticipate that Diamondback Energy will post $4.91 earnings per share for the current fiscal year.

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In related news, VP Paul Molnar sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $95.04, for a total transaction of $475,200.00. Following the completion of the sale, the vice president now owns 42,563 shares in the company, valued at $4,045,187.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael L. Hollis sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total value of $100,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,805 shares of company stock valued at $1,129,501. 0.41% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of FANG. BlackRock Inc. increased its position in Diamondback Energy by 5,554.4% during the first quarter. BlackRock Inc. now owns 4,707,194 shares of the oil and natural gas company’s stock valued at $488,205,000 after acquiring an additional 4,623,946 shares during the last quarter. Warburg Pincus LLC increased its position in Diamondback Energy by 132.4% during the second quarter. Warburg Pincus LLC now owns 6,532,915 shares of the oil and natural gas company’s stock valued at $580,188,000 after acquiring an additional 3,721,519 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Diamondback Energy by 964.6% during the second quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock valued at $164,114,000 after acquiring an additional 1,674,336 shares during the last quarter. JPMorgan Chase & Co. increased its position in Diamondback Energy by 20.1% during the second quarter. JPMorgan Chase & Co. now owns 7,633,723 shares of the oil and natural gas company’s stock valued at $677,951,000 after acquiring an additional 1,278,802 shares during the last quarter. Finally, Capital World Investors increased its position in Diamondback Energy by 98.1% during the second quarter. Capital World Investors now owns 2,516,497 shares of the oil and natural gas company’s stock valued at $223,490,000 after acquiring an additional 1,246,072 shares during the last quarter.

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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