Weekly Research Analysts’ Ratings Changes for Diamondback Energy (FANG)

Several brokerages have updated their recommendations and price targets on shares of Diamondback Energy (NASDAQ: FANG) in the last few weeks:

  • 2/9/2018 – Diamondback Energy was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/7/2018 – Diamondback Energy had its price target lowered by analysts at Morgan Stanley to $164.00. They now have an “overweight” rating on the stock.
  • 2/6/2018 – Diamondback Energy had its “buy” rating reaffirmed by analysts at Stephens. They now have a $160.00 price target on the stock.
  • 2/5/2018 – Diamondback Energy is now covered by analysts at B. Riley. They set a “neutral” rating and a $150.00 price target on the stock.
  • 2/1/2018 – Diamondback Energy is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $162.00 price target on the stock.
  • 1/30/2018 – Diamondback Energy was given a new $149.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/26/2018 – Diamondback Energy was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/24/2018 – Diamondback Energy had its price target raised by analysts at Morgan Stanley from $138.00 to $167.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Diamondback Energy was given a new $143.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/22/2018 – Diamondback Energy had its price target raised by analysts at Roth Capital from $120.00 to $145.00. They now have a “buy” rating on the stock.
  • 1/21/2018 – Diamondback Energy was given a new $137.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/18/2018 – Diamondback Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Diamondback Energy, Inc. is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. Diamondback Energy, Inc. is headquartered in Midland, Texas. “
  • 1/17/2018 – Diamondback Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $146.00 price target on the stock. According to Zacks, “Diamondback Energy, Inc. is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. Diamondback Energy, Inc. is headquartered in Midland, Texas. “
  • 1/16/2018 – Diamondback Energy was given a new $148.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 1/9/2018 – Diamondback Energy had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $138.00 price target on the stock.
  • 12/24/2017 – Diamondback Energy had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $138.00 price target on the stock.
  • 12/22/2017 – Diamondback Energy was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Diamondback Energy Inc (NASDAQ FANG) traded down $0.82 during trading on Monday, reaching $110.51. The company had a trading volume of 1,812,000 shares, compared to its average volume of 1,325,539. Diamondback Energy Inc has a 1-year low of $82.77 and a 1-year high of $134.52. The firm has a market cap of $10,848.47, a price-to-earnings ratio of 26.76, a PEG ratio of 0.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46.

In related news, VP Russell Pantermuehl sold 2,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $111.45, for a total value of $222,900.00. Following the sale, the vice president now owns 63,314 shares of the company’s stock, valued at approximately $7,056,345.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael L. Hollis sold 3,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $129.34, for a total value of $388,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 68,400 shares of company stock worth $8,337,200. 0.41% of the stock is owned by insiders.

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.

Receive News & Ratings for Diamondback Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply