Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Diamondback Energy (FANG) Stock Price
Media stories about Diamondback Energy (NASDAQ:FANG) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamondback Energy earned a news impact score of 0.18 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 45.4071473679678 out of 100, indicating that recent press 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 analysis:
- Brokerages Anticipate Diamondback Energy Inc (FANG) Will Announce Quarterly Sales of $360.37 Million (americanbankingnews.com)
- Diamondback Energy (FANG) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Michael L. Hollis Sells 3,000 Shares of Diamondback Energy Inc (FANG) Stock (americanbankingnews.com)
- Diamondback Energy, Inc. (FANG) Investors Spotlight – The Stocks News (press release) (thestocksnews.com)
- Trend-Spotting Tool Analysis – Diamondback Energy, Inc. (NASDAQ: FANG) – The Investor Guide (wallstreetnews24.com)
FANG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research report on Wednesday. BMO Capital Markets set a $110.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Scotiabank reaffirmed a “buy” rating and set a $118.00 price objective on shares of Diamondback Energy in a research note on Wednesday, November 22nd. Morgan Stanley upped their price objective on shares of Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $138.00 price objective on shares of Diamondback Energy in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $127.96.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The business’s revenue for the quarter was up 112.0% on a year-over-year basis. research analysts forecast that Diamondback Energy will post 5.09 earnings per share for the current year.
In other news, CFO Teresa L. Dick sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $112.13, for a total value of $112,130.00. Following the completion of the sale, the chief financial officer now owns 30,760 shares of the company’s stock, valued at approximately $3,449,118.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Travis D. Stice sold 35,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $4,375,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 79,400 shares of company stock valued at $9,544,350. Corporate insiders own 0.41% of the company’s stock.
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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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