Diamondback Energy, Inc. (NASDAQ:FANG) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday. The brokerage currently has a $137.00 price objective on the oil and natural gas company’s stock. Barclays PLC’s price objective would indicate a potential upside of 26.89% from the company’s current price.

FANG has been the subject of several other reports. Zacks Investment Research downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group LLC initiated coverage on shares of Diamondback Energy in a research note on Monday, October 9th. They issued a “buy” rating and a $124.00 target price for the company. Northland Securities reaffirmed a “buy” rating and issued a $125.00 target price on shares of Diamondback Energy in a research note on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and issued a $113.00 target price on shares of Diamondback Energy in a research note on Wednesday, September 6th. Finally, BMO Capital Markets set a $100.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. Diamondback Energy has an average rating of “Buy” and a consensus price target of $125.21.

Shares of Diamondback Energy (FANG) traded up $0.43 during trading on Monday, hitting $107.97. The company had a trading volume of 881,381 shares, compared to its average volume of 1,373,273. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. Diamondback Energy has a 1 year low of $82.77 and a 1 year high of $114.93. The firm has a market cap of $10,580.00, a P/E ratio of 23.03, a P/E/G ratio of 0.78 and a beta of 1.10.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The firm had revenue of $301.30 million during the quarter, compared to the consensus estimate of $296.53 million. During the same period in the previous year, the firm posted ($0.03) EPS. The company’s quarterly revenue was up 112.0% compared to the same quarter last year. equities research analysts expect that Diamondback Energy will post 5.01 earnings per share for the current fiscal year.

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In other Diamondback Energy news, CFO Teresa L. Dick sold 5,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $111.79, for a total value of $558,950.00. Following the transaction, the chief financial officer now owns 31,760 shares in the company, valued at approximately $3,550,450.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Russell Pantermuehl sold 4,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $109.55, for a total transaction of $438,200.00. Following the completion of the transaction, the vice president now owns 64,214 shares in the company, valued at approximately $7,034,643.70. The disclosure for this sale can be found here. Insiders sold a total of 23,805 shares of company stock worth $2,446,531 in the last quarter. 0.41% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of FANG. Johnson Financial Group Inc. acquired a new stake in shares of Diamondback Energy in the 2nd quarter valued at about $102,000. Cubist Systematic Strategies LLC raised its stake in shares of Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after purchasing an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $206,000. Commerce Bank acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $208,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Diamondback Energy in the 2nd quarter valued at about $215,000.

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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