Diamondback Energy Inc (NASDAQ:FANG) CEO Travis D. Stice sold 35,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Diamondback Energy Inc (NASDAQ:FANG) opened at $130.14 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. Diamondback Energy Inc has a 1 year low of $82.77 and a 1 year high of $132.07. The firm has a market cap of $12,770.00, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08.
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 the Zacks’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business’s revenue was up 112.0% compared to the same quarter last year. equities research analysts expect that Diamondback Energy Inc will post 5.07 EPS for the current fiscal year.
Several equities analysts have recently commented on FANG shares. BidaskClub raised shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Barclays boosted their target price on shares of Diamondback Energy from $105.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group assumed coverage on shares of Diamondback Energy in a report on Monday, October 9th. They issued a “buy” rating and a $124.00 target price on the stock. Finally, Citigroup assumed coverage on shares of Diamondback Energy in a research note on Friday, December 1st. They set a “buy” rating and a $130.00 price target on the stock. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $125.42.
A number of hedge funds have recently bought and sold shares of FANG. Johnson Financial Group Inc. bought a new position in Diamondback Energy during the second quarter valued at $102,000. Cubist Systematic Strategies LLC increased its position in Diamondback Energy by 46.7% during the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after acquiring an additional 700 shares during the last quarter. KCS Wealth Advisory bought a new position in Diamondback Energy during the fourth quarter valued at $202,000. Crossmark Global Holdings Inc. bought a new position in Diamondback Energy during the third quarter valued at $206,000. Finally, Commerce Bank bought a new position in Diamondback Energy during the third quarter valued at $208,000.
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Diamondback Energy Company Profile
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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