Diamondback Energy (FANG) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Diamondback Energy (NASDAQ: FANG) recently:

  • 5/23/2019 – Diamondback Energy was given a new $165.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 5/23/2019 – Diamondback Energy had its price target raised by analysts at KeyCorp from $124.00 to $125.00. They now have a “buy” rating on the stock.
  • 5/21/2019 – Diamondback Energy had its price target raised by analysts at Bank of America Corp from $165.00 to $170.00. They now have a “buy” rating on the stock.
  • 5/16/2019 – Diamondback Energy had its price target raised by analysts at Morgan Stanley from $152.00 to $153.00. They now have an “overweight” rating on the stock.
  • 5/15/2019 – Diamondback Energy was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/10/2019 – Diamondback Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/9/2019 – Diamondback Energy was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating.
  • 5/8/2019 – Diamondback Energy had its “buy” rating reaffirmed by analysts at Williams Capital. They now have a $165.00 price target on the stock.
  • 5/1/2019 – Diamondback Energy was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/1/2019 – Diamondback Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/23/2019 – Diamondback Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/23/2019 – Diamondback Energy was given a new $166.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 4/22/2019 – Diamondback Energy had its price target raised by analysts at KeyCorp from $116.00 to $124.00. They now have an “overweight” rating on the stock.
  • 4/16/2019 – Diamondback Energy had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $165.00 price target on the stock, up previously from $154.00.
  • 4/4/2019 – Diamondback Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of Diamondback Energy stock traded down $2.06 on Friday, hitting $98.29. The company’s stock had a trading volume of 110,909 shares, compared to its average volume of 1,892,582. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.32. Diamondback Energy Inc has a 1 year low of $85.19 and a 1 year high of $140.78. The firm has a market cap of $16.68 billion, a PE ratio of 16.74, a P/E/G ratio of 0.61 and a beta of 0.80.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.03. Diamondback Energy had a return on equity of 6.81% and a net margin of 27.05%. The company had revenue of $864.00 million during the quarter, compared to analyst estimates of $893.16 million. During the same period in the previous year, the business earned $1.64 EPS. Diamondback Energy’s quarterly revenue was up 80.4% on a year-over-year basis. On average, sell-side analysts expect that Diamondback Energy Inc will post 8.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.188 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.13. This represents a $0.75 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, May 24th. Diamondback Energy’s payout ratio is 12.78%.

In other news, CFO Hof Matthew Kaes Van’t sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $101.82, for a total value of $173,094.00. Following the completion of the sale, the chief financial officer now directly owns 28,965 shares in the company, valued at $2,949,216.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael L. Hollis purchased 5,313 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was bought at an average price of $95.12 per share, with a total value of $505,372.56. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 11,050 shares of company stock valued at $1,187,058. 0.47% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Ranger Investment Management L.P. acquired a new position in Diamondback Energy in the fourth quarter valued at approximately $25,000. Berman Capital Advisors LLC lifted its holdings in Diamondback Energy by 180.8% in the first quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock valued at $29,000 after acquiring an additional 188 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Diamondback Energy by 28,126.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,981,881 shares of the oil and natural gas company’s stock valued at $32,000 after acquiring an additional 2,971,317 shares during the last quarter. Manchester Capital Management LLC acquired a new position in Diamondback Energy in the first quarter valued at approximately $34,000. Finally, Rehmann Capital Advisory Group lifted its holdings in Diamondback Energy by 114.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 98.98% of the company’s stock.

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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