Diamondback Energy (NASDAQ:FANG) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts have also recently commented on FANG. Morgan Stanley increased their target price on shares of Diamondback Energy from $138.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Credit Suisse Group set a $143.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Wells Fargo & Co set a $120.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, October 17th. Finally, SunTrust Banks set a $120.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $131.63.

Diamondback Energy (NASDAQ:FANG) opened at $130.09 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22. The firm has a market cap of $13,090.00, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 0.69 and a beta of 1.08. Diamondback Energy has a 12-month low of $82.77 and a 12-month high of $134.52.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.31. The company had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The firm’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. equities analysts predict that Diamondback Energy will post 5.02 EPS for the current fiscal year.

In related news, CEO Travis D. Stice sold 35,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $4,375,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Teresa L. Dick sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $112.13, for a total transaction of $112,130.00. Following the completion of the sale, the chief financial officer now directly owns 30,760 shares of the company’s stock, valued at approximately $3,449,118.80. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $9,334,350 in the last three months. 0.41% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FANG. Prudential Financial Inc. grew its holdings in shares of Diamondback Energy by 11.5% in the second quarter. Prudential Financial Inc. now owns 5,450 shares of the oil and natural gas company’s stock valued at $484,000 after purchasing an additional 560 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Diamondback Energy by 22.7% in the second quarter. Alliancebernstein L.P. now owns 70,236 shares of the oil and natural gas company’s stock valued at $6,238,000 after purchasing an additional 13,006 shares during the period. Profund Advisors LLC grew its holdings in shares of Diamondback Energy by 1.5% in the second quarter. Profund Advisors LLC now owns 4,163 shares of the oil and natural gas company’s stock valued at $370,000 after purchasing an additional 62 shares during the period. ProShare Advisors LLC grew its holdings in shares of Diamondback Energy by 10.6% in the second quarter. ProShare Advisors LLC now owns 8,852 shares of the oil and natural gas company’s stock valued at $786,000 after purchasing an additional 851 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Diamondback Energy by 8.9% during the second quarter. Vanguard Group Inc. now owns 7,988,153 shares of the oil and natural gas company’s stock worth $709,428,000 after buying an additional 651,353 shares during the period.

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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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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