Somewhat Favorable News Coverage Somewhat Unlikely to Impact Diamondback Energy (FANG) Stock Price

Media stories about Diamondback Energy (NASDAQ:FANG) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamondback Energy earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the oil and natural gas company an impact score of 45.541265619194 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern’s analysis:

A number of research firms recently issued reports on FANG. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $118.00 target price on shares of Diamondback Energy in a research report on Friday, November 24th. SunTrust Banks reaffirmed a “buy” rating and issued a $130.00 target price on shares of Diamondback Energy in a research report on Friday, November 10th. Stifel Nicolaus set a $129.00 target price on Diamondback Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. BidaskClub raised Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, Goldman Sachs Group downgraded Diamondback Energy from a “conviction-buy” rating to a “buy” rating and lifted their target price for the company from $106.53 to $118.00 in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $127.96.

Shares of Diamondback Energy (NASDAQ:FANG) traded down $0.58 during midday trading on Wednesday, reaching $127.44. The company’s stock had a trading volume of 1,425,391 shares, compared to its average volume of 1,288,182. The firm has a market capitalization of $12,510.00, a P/E ratio of 30.86, a PEG ratio of 0.74 and a beta of 1.08. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22. Diamondback Energy has a 1 year low of $82.77 and a 1 year high of $132.07.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.31. The firm had revenue of $301.30 million for the quarter, compared to the consensus estimate of $296.53 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. equities analysts forecast that Diamondback Energy will post 5.08 EPS for the current fiscal year.

In other Diamondback Energy news, insider Michael L. Hollis sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Russell Pantermuehl sold 4,000 shares of the business’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 transaction, the vice president now directly owns 64,214 shares in the company, valued at approximately $7,034,643.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,400 shares of company stock worth $9,156,330. Company insiders own 0.41% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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