Diamondback Energy (FANG) Now Covered by B. Riley

B. Riley assumed coverage on shares of Diamondback Energy (NASDAQ:FANG) in a report published on Monday. The firm issued a neutral rating and a $150.00 target price on the oil and natural gas company’s stock.

A number of other equities analysts have also recently weighed in on FANG. Stifel Nicolaus set a $149.00 price objective on shares of Diamondback Energy and gave the company a buy rating in a research report on Tuesday, January 30th. Deutsche Bank began coverage on shares of Diamondback Energy in a research report on Thursday, February 1st. They issued a buy rating and a $162.00 price objective for the company. BidaskClub cut shares of Diamondback Energy from a strong-buy rating to a buy rating in a research report on Friday, January 26th. Wells Fargo & Co set a $120.00 price objective on shares of Diamondback Energy and gave the company a buy rating in a research report on Tuesday, October 17th. Finally, SunTrust Banks set a $120.00 price objective on shares of Diamondback Energy and gave the company a buy rating in a research report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Diamondback Energy presently has a consensus rating of Buy and an average target price of $134.27.

Diamondback Energy (NASDAQ FANG) opened at $120.27 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. The firm has a market cap of $12,021.57, a PE ratio of 29.12, a price-to-earnings-growth ratio of 0.65 and a beta of 0.91. Diamondback Energy has a 12-month low of $82.77 and a 12-month high of $134.52.

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 company had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The firm’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) EPS. equities research analysts predict that Diamondback Energy will post 5.03 earnings per share for the current year.

In other news, VP Russell Pantermuehl sold 4,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $109.55, for a total transaction of $438,200.00. Following the transaction, the vice president now owns 64,214 shares of the company’s stock, valued at $7,034,643.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Teresa L. Dick sold 5,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $111.79, for a total transaction of $558,950.00. Following the transaction, the chief financial officer now directly owns 31,760 shares in the company, valued at approximately $3,550,450.40. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $9,334,350 in the last ninety days. Corporate insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Essex Investment Management Co. LLC lifted its holdings in Diamondback Energy by 17.8% in the fourth quarter. Essex Investment Management Co. LLC now owns 56,818 shares of the oil and natural gas company’s stock worth $7,173,000 after acquiring an additional 8,591 shares during the last quarter. Shaker Investments LLC OH bought a new position in Diamondback Energy in the fourth quarter worth about $366,000. Emerald Advisers Inc. PA lifted its holdings in Diamondback Energy by 9.7% in the fourth quarter. Emerald Advisers Inc. PA now owns 24,900 shares of the oil and natural gas company’s stock worth $3,144,000 after acquiring an additional 2,192 shares during the last quarter. AT Bancorp lifted its holdings in Diamondback Energy by 136.0% in the fourth quarter. AT Bancorp now owns 24,474 shares of the oil and natural gas company’s stock worth $3,090,000 after acquiring an additional 14,105 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in Diamondback Energy by 7.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 6,651 shares of the oil and natural gas company’s stock worth $840,000 after acquiring an additional 480 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This news story was reported by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.thestockobserver.com/2018/02/06/diamondback-energy-fang-now-covered-by-b-riley.html.

About Diamondback Energy

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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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

Leave a Reply