Media stories about Diamondback Energy (NASDAQ:FANG) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Diamondback Energy earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the oil and natural gas company an impact score of 46.8439072486925 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Russell Pantermuehl Sells 2,000 Shares of Diamondback Energy Inc (FANG) Stock (americanbankingnews.com)
- IBD Rating Upgrades: Diamondback Energy Shows Improved Relative Price Strength (finance.yahoo.com)
- Antares Pharma, Inc., (NASDAQ: ATRS),Diamondback Energy, Inc., (NASDAQ: FANG), Premier, Inc., (NASDAQ: PINC … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
- Notable Intraday Movers: Array BioPharma Inc., (NASDAQ: ARRY), Diamondback Energy, Inc., (NASDAQ: FANG), The … – Stocks In The News (press release) (tradingnewsnow.com)
- Diamondback Energy (FANG) Now Covered by Analysts at Citigroup (americanbankingnews.com)
Diamondback Energy (FANG) traded up $0.04 on Tuesday, reaching $109.06. The company had a trading volume of 670,507 shares, compared to its average volume of 1,346,511. Diamondback Energy has a 12-month low of $82.77 and a 12-month high of $114.93. The firm has a market capitalization of $10,887.73, a PE ratio of 23.75, a PEG ratio of 0.80 and a beta of 1.09. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The firm had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The firm’s quarterly revenue was up 112.0% on a year-over-year basis. equities analysts predict that Diamondback Energy will post 5.02 earnings per share for the current year.
A number of research firms have recently weighed in on FANG. BidaskClub cut Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Northland Securities set a $125.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 price target on shares of Diamondback Energy in a research report on Thursday, September 14th. BMO Capital Markets set a $110.00 price target on Diamondback Energy and gave the stock a “buy” rating in a research report on Saturday, August 12th. Finally, Barclays lifted their price target on Diamondback Energy from $93.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the stock. Diamondback Energy presently has a consensus rating of “Buy” and an average price target of $126.88.
In other news, VP Russell Pantermuehl sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $111.45, for a total transaction of $222,900.00. Following the sale, the vice president now owns 63,314 shares of the company’s stock, valued at $7,056,345.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Teresa L. Dick sold 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $111.79, for a total value of $558,950.00. Following the sale, 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 25,000 shares of company stock worth $2,597,690 over the last 90 days. 0.41% of the stock is owned by insiders.
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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.
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