Diamondback Energy, Inc. (NASDAQ:FANG) has been given a $129.00 target price by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 29.36% from the stock’s current price.

Several other research firms have also recently weighed in on FANG. Scotiabank set a $95.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. Mizuho restated a “buy” rating and issued a $114.00 price objective (up previously from $109.00) on shares of Diamondback Energy in a research report on Thursday, August 3rd. US Capital Advisors restated a “buy” rating on shares of Diamondback Energy in a research report on Monday. Williams Capital set a $114.00 price objective on shares of Diamondback Energy and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Roth Capital raised their price objective on shares of Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. 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 stock. Diamondback Energy currently has an average rating of “Buy” and an average target price of $120.67.

Diamondback Energy (FANG) traded down 1.50% on Thursday, reaching $98.25. 328,463 shares of the company’s stock traded hands. The stock has a market capitalization of $9.64 billion, a PE ratio of 27.01 and a beta of 1.08. The firm’s 50-day moving average is $92.98 and its 200 day moving average is $95.20. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $114.00.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.44. Diamondback Energy had a net margin of 38.24% and a return on equity of 8.09%. The firm had revenue of $267.40 million during the quarter, compared to the consensus estimate of $258.75 million. During the same period last year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 137.7% on a year-over-year basis. Analysts forecast that Diamondback Energy will post $4.91 EPS for the current year.

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In other Diamondback Energy news, 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 transaction of $100,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total transaction of $57,518.50. Following the sale, the vice president now directly owns 4,950 shares in the company, valued at $438,025.50. The disclosure for this sale can be found here. In the last three months, insiders sold 11,805 shares of company stock worth $1,129,501. 0.41% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its position in Diamondback Energy by 262.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 558,659 shares of the oil and natural gas company’s stock worth $56,456,000 after acquiring an additional 404,345 shares in the last quarter. BlackRock Fund Advisors raised its position in Diamondback Energy by 3.3% during the first quarter. BlackRock Fund Advisors now owns 798,166 shares of the oil and natural gas company’s stock worth $61,602,000 after acquiring an additional 25,366 shares in the last quarter. BlackRock Investment Management LLC raised its position in Diamondback Energy by 5.7% during the third quarter. BlackRock Investment Management LLC now owns 92,073 shares of the oil and natural gas company’s stock worth $8,889,000 after acquiring an additional 4,933 shares in the last quarter. Eagle Asset Management raised its position in Diamondback Energy by 109.3% during the third quarter. Eagle Asset Management now owns 2,049,358 shares of the oil and natural gas company’s stock worth $132,388,000 after acquiring an additional 1,070,108 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Diamondback Energy during the third quarter worth $2,259,000.

Diamondback Energy Company Profile

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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