Diamondback Energy (FANG) Earning Somewhat Favorable Media Coverage, Accern Reports
News articles about Diamondback Energy (NASDAQ:FANG) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamondback Energy earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the oil and natural gas company an impact score of 45.7763725692622 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Jefferies Group Brokers Cut Earnings Estimates for Diamondback Energy, Inc. (FANG) (americanbankingnews.com)
- US judge postpones decision on Breitburn plan in unusual move – Reuters (reuters.com)
- Diamondback Energy, Inc. (FANG) Earns “Buy” Rating from BMO Capital Markets (americanbankingnews.com)
- Insider Selling: Diamondback Energy, Inc. (FANG) CFO Sells 5,000 Shares of Stock (americanbankingnews.com)
- Diamondback Energy, Inc. (FANG) VP Sells $438,200.00 in Stock (americanbankingnews.com)
Diamondback Energy (NASDAQ:FANG) traded down $0.09 during trading hours on Friday, reaching $106.53. The company had a trading volume of 878,800 shares, compared to its average volume of 1,376,502. 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 $10,520.00, a P/E ratio of 22.83, a P/E/G ratio of 0.78 and a beta of 1.10. 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, topping 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 the consensus estimate of $296.53 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 112.0% on a year-over-year basis. equities analysts predict that Diamondback Energy will post 5.01 earnings per share for the current year.
Several research firms recently weighed in on FANG. The Goldman Sachs Group, Inc. downgraded shares of Diamondback Energy from a “conviction-buy” rating to a “buy” rating and upped their price objective for the stock from $106.53 to $118.00 in a report on Friday. BMO Capital Markets set a $130.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Diamondback Energy in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Imperial Capital upped their price objective on shares of Diamondback Energy from $113.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $124.54.
In other Diamondback Energy news, VP Paul Molnar sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $95.04, for a total transaction of $475,200.00. Following the completion of the sale, the vice president now owns 42,563 shares of the company’s stock, valued at $4,045,187.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Russell Pantermuehl sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $109.55, for a total value of $438,200.00. Following the sale, the vice president now directly owns 64,214 shares of the company’s stock, valued at approximately $7,034,643.70. The disclosure for this sale can be found here. Insiders sold 23,805 shares of company stock worth $2,446,531 in the last 90 days. 0.41% of the stock is currently owned by corporate insiders.
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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