Diamondback Energy (NASDAQ:FANG) Price Target Raised to $216.00 at UBS Group

Diamondback Energy (NASDAQ:FANG) had its price target increased by analysts at UBS Group from $212.00 to $216.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. UBS Group’s price target points to a potential upside of 37.59% from the company’s current price.

FANG has been the topic of several other reports. Mizuho lowered their price target on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on Diamondback Energy from $191.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Piper Sandler lowered their price target on Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Truist Financial boosted their target price on Diamondback Energy from $230.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company boosted their target price on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.17.

Diamondback Energy Stock Up 0.5 %

Shares of FANG stock opened at $156.99 on Thursday. Diamondback Energy has a 1 year low of $152.00 and a 1 year high of $214.50. The stock has a market cap of $45.84 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The business’s fifty day moving average is $166.34 and its 200-day moving average is $178.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Hedge Funds Weigh In On Diamondback Energy

Hedge funds have recently added to or reduced their stakes in the company. Wintrust Investments LLC acquired a new position in Diamondback Energy in the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new position in Diamondback Energy in the fourth quarter worth approximately $29,000. UMB Bank n.a. increased its holdings in Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 136 shares during the last quarter. Key Financial Inc increased its holdings in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock worth $34,000 after buying an additional 188 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in Diamondback Energy in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It 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.