Diamondback Energy (NASDAQ:FANG) insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $118.80, for a total transaction of $356,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Diamondback Energy stock traded up $0.44 during trading hours on Thursday, reaching $127.54. 77,018 shares of the company were exchanged, compared to its average volume of 1,457,941. The stock has a market capitalization of $12,005.86, a P/E ratio of 23.98, a PEG ratio of 0.68 and a beta of 0.83. 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 has a 12 month low of $82.77 and a 12 month high of $134.60.
Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The firm had revenue of $399.19 million during 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%. sell-side analysts anticipate that Diamondback Energy will post 6.9 earnings per share for the current year.
Several hedge funds have recently modified their holdings of FANG. Viking Global Investors LP acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $78,139,000. Carillon Tower Advisers Inc. acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $72,286,000. Franklin Resources Inc. lifted its holdings in shares of Diamondback Energy by 76.1% during the fourth quarter. Franklin Resources Inc. now owns 765,062 shares of the oil and natural gas company’s stock worth $96,581,000 after buying an additional 330,652 shares during the last quarter. Ascend Capital LLC acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $38,957,000. Finally, Slate Path Capital LP acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $27,144,000.
Several equities research analysts have commented on FANG shares. 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 target on the stock. Stifel Nicolaus set a $149.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, January 30th. BidaskClub cut Diamondback Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Zacks Investment Research raised Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Mizuho set a $148.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $141.76.
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Diamondback Energy Company Profile
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.
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