Diamondback Energy (FANG) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Diamondback Energy (NASDAQ:FANG) from a hold rating to a buy rating in a research note released on Friday.

FANG has been the topic of several other reports. Stifel Nicolaus set a $167.00 target price on shares of Diamondback Energy and gave the stock a buy rating in a research report on Wednesday, March 28th. Zacks Investment Research downgraded shares of Diamondback Energy from a buy rating to a hold rating in a research report on Thursday, January 18th. Barclays reissued a buy rating and set a $138.00 target price on shares of Diamondback Energy in a research report on Sunday, December 24th. Stephens reissued a buy rating and set a $159.00 target price on shares of Diamondback Energy in a research report on Friday, February 16th. Finally, Piper Jaffray reissued a buy rating and set a $143.00 target price on shares of Diamondback Energy in a research report on Wednesday, April 18th. Four equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $141.56.

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NASDAQ FANG opened at $128.40 on Friday. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $134.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62. The firm has a market capitalization of $12,604.64, a PE ratio of 24.23, a P/E/G ratio of 0.71 and a beta of 0.83.



Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. sell-side analysts predict that Diamondback Energy will post 6.91 EPS for the current year.

In other Diamondback Energy news, CEO Travis D. Stice sold 87,150 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $125.20, for a total transaction of $10,911,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $118.80, for a total transaction of $356,400.00. The disclosure for this sale can be found here. Insiders have sold 136,431 shares of company stock valued at $17,070,232 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new stake in shares of Diamondback Energy in the fourth quarter valued at about $149,000. IFP Advisors Inc lifted 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 valued at $164,000 after buying an additional 389 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Diamondback Energy by 476.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock valued at $178,000 after buying an additional 1,167 shares during the period. KCS Wealth Advisory bought a new stake in shares of Diamondback Energy in the fourth quarter valued at about $202,000. Finally, Dearborn Partners LLC bought a new stake in shares of Diamondback Energy in the fourth quarter valued at about $208,000.

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About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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