Diamondback Energy (NASDAQ:FANG) had its target price cut by stock analysts at Morgan Stanley to $164.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. Morgan Stanley’s price target suggests a potential upside of 48.40% from the stock’s current price.

FANG has been the subject of a number of other research reports. Piper Jaffray Companies reissued a “buy” rating and set a $118.00 target price on shares of Diamondback Energy in a research report on Friday, November 24th. Stephens reissued a “buy” rating and set a $160.00 target price on shares of Diamondback Energy in a research report on Tuesday, February 6th. SunTrust Banks reissued a “buy” rating and set a $130.00 target price on shares of Diamondback Energy in a research report on Friday, November 10th. Stifel Nicolaus set a $149.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, BidaskClub raised shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $135.11.

Diamondback Energy (NASDAQ:FANG) opened at $110.51 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. Diamondback Energy has a one year low of $82.77 and a one year high of $134.52. The stock has a market cap of $10,760.00, a P/E ratio of 26.76, a PEG ratio of 0.58 and a beta of 0.91.

In other Diamondback Energy news, insider Michael L. Hollis sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $129.34, for a total value of $388,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Travis D. Stice sold 35,000 shares of the firm’s 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 68,400 shares of company stock valued at $8,337,200. Corporate insiders own 0.41% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FANG. Energy Opportunities Capital Management LLC increased its stake in shares of Diamondback Energy by 1.1% in the second quarter. Energy Opportunities Capital Management LLC now owns 16,000 shares of the oil and natural gas company’s stock worth $1,421,000 after acquiring an additional 170 shares during the period. IFP Advisors Inc increased its stake in shares of Diamondback Energy by 42.6% in the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after acquiring an additional 389 shares during the period. Capital Analysts LLC increased its stake in shares of Diamondback Energy by 5.2% in the third quarter. Capital Analysts LLC now owns 9,479 shares of the oil and natural gas company’s stock worth $929,000 after acquiring an additional 469 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in shares of Diamondback Energy by 7.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 6,651 shares of the oil and natural gas company’s stock worth $840,000 after acquiring an additional 480 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Diamondback Energy by 8.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,295 shares of the oil and natural gas company’s stock worth $795,000 after acquiring an additional 510 shares during the period.

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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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