Diamondback Energy Inc (NASDAQ:FANG) has received a consensus recommendation of “Buy” from the twenty-nine brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $127.54.

Several brokerages have commented on FANG. Northland Securities reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Diamondback Energy in a research report on Tuesday, September 26th. BMO Capital Markets set a $110.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Saturday, August 12th. BidaskClub lowered shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Citigroup began coverage on shares of Diamondback Energy in a research report on Friday, December 1st. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, SunTrust Banks set a $120.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Monday, October 16th.

In other news, CFO Teresa L. Dick sold 5,000 shares of the company’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 completion of the sale, the chief financial officer now owns 31,760 shares of the company’s stock, valued at approximately $3,550,450.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Russell Pantermuehl sold 1,400 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $111.10, for a total transaction of $155,540.00. Following the completion of the sale, the vice president now directly owns 60,814 shares of the company’s stock, valued at approximately $6,756,435.40. The disclosure for this sale can be found here. In the last three months, insiders sold 26,400 shares of company stock valued at $2,753,230. Corporate insiders own 0.41% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. AXA raised its holdings in Diamondback Energy by 4.7% during the 3rd quarter. AXA now owns 92,100 shares of the oil and natural gas company’s stock valued at $9,022,000 after buying an additional 4,100 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Diamondback Energy by 191.7% during the 3rd quarter. GSA Capital Partners LLP now owns 8,484 shares of the oil and natural gas company’s stock valued at $831,000 after buying an additional 5,576 shares during the last quarter. Regents of The University of California bought a new stake in Diamondback Energy during the 3rd quarter valued at $1,413,000. GeoSphere Capital Management raised its holdings in Diamondback Energy by 15.4% during the 3rd quarter. GeoSphere Capital Management now owns 30,000 shares of the oil and natural gas company’s stock valued at $2,939,000 after buying an additional 4,000 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in Diamondback Energy during the 3rd quarter valued at $258,000.

Shares of Diamondback Energy (NASDAQ:FANG) traded down $2.73 during midday trading on Thursday, hitting $106.33. 1,027,500 shares of the stock were exchanged, compared to its average volume of 1,345,153. The firm has a market capitalization of $10,706.12, a PE ratio of 23.35, a P/E/G ratio of 0.79 and a beta of 1.09. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $114.93. 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 (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 112.0% compared to the same quarter last year. research analysts forecast that Diamondback Energy will post 5.02 EPS for the current year.

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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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