Diamondback Energy Inc (NASDAQ:FANG) VP Jennifer Soliman sold 183 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $126.38, for a total value of $23,127.54. Following the completion of the transaction, the vice president now directly owns 1,686 shares in the company, valued at $213,076.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Diamondback Energy Inc (NASDAQ:FANG) traded down $1.83 on Wednesday, hitting $120.98. The stock had a trading volume of 1,239,435 shares, compared to its average volume of 1,430,570. The stock has a market cap of $12,160.96, a PE ratio of 24.34, a price-to-earnings-growth ratio of 0.69 and a beta of 0.91. Diamondback Energy Inc has a twelve month low of $82.77 and a twelve month high of $134.52. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. analysts expect that Diamondback Energy Inc will post 6.92 earnings per share for the current year.
A number of research analysts recently commented on the company. Credit Suisse Group set a $143.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Diamondback Energy from $138.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $138.00 price target on shares of Diamondback Energy in a report on Tuesday, January 9th. Stifel Nicolaus set a $149.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Mizuho set a $148.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $137.60.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of Diamondback Energy during the 4th quarter valued at approximately $149,000. IFP Advisors Inc increased its position in shares of Diamondback Energy by 42.6% during the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock valued at $164,000 after purchasing an additional 389 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Diamondback Energy by 476.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock valued at $178,000 after purchasing an additional 1,167 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Diamondback Energy by 46.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after purchasing an additional 700 shares during the last quarter. Finally, KCS Wealth Advisory bought a new position in shares of Diamondback Energy during the 4th quarter valued at approximately $202,000.
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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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