Diamondback Energy (NASDAQ:FANG – Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $185.00 to $190.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and natural gas company’s stock. Barclays‘s price target indicates a potential upside of 1.48% from the company’s current price.
A number of other research analysts have also commented on the company. Mizuho lifted their target price on Diamondback Energy from $194.00 to $205.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. Sanford C. Bernstein reduced their price objective on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Roth Mkm restated a “buy” rating and set a $180.00 price objective on shares of Diamondback Energy in a report on Tuesday, February 24th. Finally, Morgan Stanley lowered their price objective on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $195.43.
View Our Latest Analysis on Diamondback Energy
Diamondback Energy Trading Up 2.7%
Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the business earned $3.67 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, research analysts predict that Diamondback Energy will post 15.49 earnings per share for the current year.
Insider Activity at Diamondback Energy
In related news, Director Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $183.27, for a total transaction of $1,439,952.39. Following the sale, the director directly owned 974,149 shares in the company, valued at $178,532,287.23. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Albert Barkmann sold 4,000 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $182.90, for a total value of $731,600.00. Following the completion of the sale, the vice president directly owned 27,571 shares of the company’s stock, valued at approximately $5,042,735.90. The trade was a 12.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,194,111 shares of company stock worth $196,828,019 over the last 90 days. 0.48% of the stock is currently owned by company insiders.
Institutional Trading of Diamondback Energy
Several institutional investors have recently added to or reduced their stakes in FANG. Rockefeller Capital Management L.P. increased its position in Diamondback Energy by 35.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 493,958 shares of the oil and natural gas company’s stock valued at $74,257,000 after purchasing an additional 129,603 shares during the period. Meadowbrook Advisors Group LLC bought a new position in Diamondback Energy during the fourth quarter worth $377,000. Corient Private Wealth LLC boosted its position in Diamondback Energy by 5.5% during the fourth quarter. Corient Private Wealth LLC now owns 38,871 shares of the oil and natural gas company’s stock valued at $5,844,000 after acquiring an additional 2,036 shares during the last quarter. Hsbc Holdings PLC boosted its position in Diamondback Energy by 16.3% during the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock valued at $50,890,000 after acquiring an additional 47,450 shares during the last quarter. Finally, Tulsa Wealth Advisors INC acquired a new stake in Diamondback Energy during the 4th quarter worth about $973,000. 90.01% of the stock is currently owned by institutional investors.
Trending Headlines about Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Raymond James raised its price target to $240 and assigned a “strong‑buy” — a large upside signal that likely boosted investor demand. Raymond James PT Raise
- Positive Sentiment: Mizuho bumped its target to $220 and moved to “outperform,” reinforcing bullish analyst momentum across the stock. Mizuho PT Raise
- Positive Sentiment: Wells Fargo raised its target to $202 with an “overweight” rating — another vote of confidence from a large bank. Wells Fargo PT Raise
- Positive Sentiment: Barclays lifted its target to $190 and kept an “overweight” stance, adding to the cluster of price‑target increases. Barclays PT Raise
- Positive Sentiment: Press and research pieces name Diamondback as a way to play higher oil prices (Barron’s and Goldman Sachs roundup of energy picks), which supports sector‑driven buying. Barron’s: Underappreciated Energy Stocks
- Neutral Sentiment: Coverage noting peers (ConocoPhillips, EOG) outperforming on liquidity and leverage may shift relative positioning among large‑cap energy names but is not directly negative for Diamondback. BofA Peer Liquidity Note
- Negative Sentiment: EVP Matt Zmigrosky sold 20,899 shares at ~$180 (25.7% reduction in his holding) — a large insider sale that may concern some investors. SEC Filing — Zmigrosky
- Negative Sentiment: VP Albert Barkmann sold 4,000 shares at ~$182.90 (12.7% reduction), another insider disposition disclosed to the SEC. SEC Filing — Barkmann
- Negative Sentiment: CFO Jere W. Thompson III sold 750 shares at ~$182.47 (3.6% reduction), a smaller but still notable insider sale. SEC Filing — Thompson
About Diamondback Energy
Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.
Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.
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