BidaskClub lowered shares of Diamondback Energy (NASDAQ:FANG) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, BidAskClub reports.

A number of other equities analysts also recently commented on FANG. Roth Capital reduced their price objective on shares of Diamondback Energy from $166.00 to $150.00 and set a buy rating for the company in a research note on Friday, June 7th. Credit Suisse Group set a €21.78 ($25.33) price objective on shares of Deutsche Lufthansa and gave the stock a buy rating in a research note on Monday, June 17th. Raymond James restated an average rating and set a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a buy rating in a research note on Friday, July 12th. Finally, ValuEngine downgraded shares of Yext from a strong-buy rating to a buy rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and three have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $158.71.

Shares of NASDAQ FANG opened at $104.61 on Thursday. The business has a fifty day moving average of $104.08. Diamondback Energy has a 1-year low of $85.19 and a 1-year high of $140.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.59 and a current ratio of 0.62. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.65 and a beta of 0.85.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.03. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The company had revenue of $864.00 million during the quarter, compared to the consensus estimate of $893.16 million. During the same period in the prior year, the business posted $1.64 EPS. The company’s quarterly revenue was up 80.4% on a year-over-year basis. Analysts expect that Diamondback Energy will post 7.8 earnings per share for the current fiscal year.

In other Diamondback Energy news, VP Russell Pantermuehl sold 5,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $107.28, for a total value of $536,400.00. Following the transaction, the vice president now directly owns 112,107 shares of the company’s stock, valued at approximately $12,026,838.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Hof Matthew Kaes Van’t sold 1,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $107.47, for a total transaction of $161,205.00. Following the completion of the transaction, the chief financial officer now directly owns 27,465 shares in the company, valued at $2,951,663.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,500 shares of company stock worth $1,258,505. Insiders own 0.47% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FANG. Ranger Investment Management L.P. bought a new position in Diamondback Energy in the 4th quarter valued at about $25,000. Archford Capital Strategies LLC increased its holdings in shares of Diamondback Energy by 1,100.0% during the second quarter. Archford Capital Strategies LLC now owns 240 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 220 shares during the period. Berman Capital Advisors LLC increased its holdings in shares of Diamondback Energy by 180.8% during the first quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Manchester Capital Management LLC bought a new position in shares of Diamondback Energy during the first quarter worth approximately $34,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of Diamondback Energy by 136.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 400 shares of the oil and natural gas company’s stock worth $37,000 after purchasing an additional 231 shares during the period. 99.10% of the stock is currently owned by hedge funds and other institutional investors.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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