Diamondback Energy Inc (NASDAQ:FANG) insider Michael L. Hollis sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total transaction of $388,020.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Diamondback Energy Inc (NASDAQ FANG) traded down $0.21 during trading hours on Thursday, reaching $127.23. 1,039,951 shares of the company were exchanged, compared to its average volume of 1,267,500. Diamondback Energy Inc has a 1 year low of $82.77 and a 1 year high of $132.07. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22. The stock has a market cap of $12,490.00, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.08.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.31. The firm had revenue of $301.30 million for the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. Diamondback Energy’s quarterly revenue was up 112.0% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. equities research analysts anticipate that Diamondback Energy Inc will post 5.08 earnings per share for the current year.

A number of analysts have weighed in on FANG shares. US Capital Advisors reissued a “buy” rating on shares of Diamondback Energy in a report on Monday, October 2nd. Northland Securities reissued a “buy” rating and set a $125.00 price objective on shares of Diamondback Energy in a 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 report on Tuesday, October 10th. Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Monday, October 9th. Finally, Jefferies Group assumed coverage on shares of Diamondback Energy in a report on Monday, October 9th. They issued a “buy” rating and a $124.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $127.96.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Green Square Capital LLC boosted its position in shares of Diamondback Energy by 1.2% during the 2nd quarter. Green Square Capital LLC now owns 3,531 shares of the oil and natural gas company’s stock worth $314,000 after purchasing an additional 42 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Diamondback Energy by 1.5% during the 2nd quarter. Profund Advisors LLC now owns 4,163 shares of the oil and natural gas company’s stock worth $370,000 after purchasing an additional 62 shares in the last quarter. Energy Opportunities Capital Management LLC boosted its position in shares of Diamondback Energy by 1.1% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 16,000 shares of the oil and natural gas company’s stock worth $1,421,000 after purchasing an additional 170 shares in the last quarter. M&T Bank Corp boosted its position in shares of Diamondback Energy by 10.0% during the 2nd quarter. M&T Bank Corp now owns 4,939 shares of the oil and natural gas company’s stock worth $438,000 after purchasing an additional 449 shares in the last quarter. Finally, Capital Analysts LLC boosted its position in shares of Diamondback Energy by 5.2% during the 3rd quarter. Capital Analysts LLC now owns 9,479 shares of the oil and natural gas company’s stock worth $929,000 after purchasing an additional 469 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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