Diamondback Energy (FANG) Receives Buy Rating from Stephens

Diamondback Energy (NASDAQ:FANG)‘s stock had its “buy” rating restated by equities research analysts at Stephens in a research report issued to clients and investors on Friday. They presently have a $159.00 price target on the oil and natural gas company’s stock. Stephens’ price target suggests a potential upside of 28.35% from the company’s current price.

Several other brokerages also recently issued reports on FANG. Credit Suisse Group set a $143.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of Diamondback Energy from $138.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Piper Jaffray Companies restated a “buy” rating and issued a $138.00 price objective on shares of Diamondback Energy in a research note on Tuesday, January 9th. Stifel Nicolaus set a $149.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Mizuho set a $148.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $137.60.

Shares of Diamondback Energy (NASDAQ:FANG) opened at $123.88 on Friday. The stock has a market cap of $12,285.64, a price-to-earnings ratio of 24.93, a PEG ratio of 0.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $134.52.

Diamondback Energy (NASDAQ:FANG) last announced 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 consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.74%. research analysts expect that Diamondback Energy will post 7.05 EPS for the current year.

In other Diamondback Energy news, CEO Travis D. Stice sold 35,000 shares of Diamondback Energy 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Russell Pantermuehl sold 1,400 shares of Diamondback Energy stock in a transaction on Monday, December 4th. The shares were sold at an average price of $111.10, for a total value of $155,540.00. Following the transaction, the vice president now directly owns 60,814 shares of the company’s stock, valued at $6,756,435.40. The disclosure for this sale can be found here. Insiders have sold 68,400 shares of company stock worth $8,337,200 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FANG. Janus Henderson Group PLC lifted its holdings in shares of Diamondback Energy by 19.6% during the second quarter. Janus Henderson Group PLC now owns 10,372 shares of the oil and natural gas company’s stock valued at $921,000 after acquiring an additional 1,700 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of 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 period. The Manufacturers Life Insurance Company lifted its holdings in shares of Diamondback Energy by 79.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,009 shares of the oil and natural gas company’s stock valued at $534,000 after acquiring an additional 2,659 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Diamondback Energy by 4.6% during the second quarter. Public Employees Retirement System of Ohio now owns 101,673 shares of the oil and natural gas company’s stock valued at $9,030,000 after acquiring an additional 4,506 shares during the period. Finally, Sentry Investment Management LLC bought a new position in shares of Diamondback Energy during the second quarter valued at $215,000.

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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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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