Diamondback Energy (NASDAQ:FANG – Free Report) had its price objective reduced by Morgan Stanley from $186.00 to $184.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the oil and natural gas company’s stock.
A number of other analysts also recently commented on FANG. UBS Group boosted their price objective on shares of Diamondback Energy from $183.00 to $200.00 and gave the stock a buy rating in a report on Wednesday, February 14th. Evercore ISI upped their price target on shares of Diamondback Energy from $185.00 to $215.00 and gave the company an outperform rating in a report on Monday, March 25th. Scotiabank upped their price target on shares of Diamondback Energy from $210.00 to $255.00 and gave the company a sector outperform rating in a report on Thursday. Piper Sandler upped their price target on shares of Diamondback Energy from $222.00 to $227.00 and gave the company an overweight rating in a report on Thursday, March 7th. Finally, Barclays started coverage on shares of Diamondback Energy in a report on Wednesday, April 10th. They issued an equal weight rating and a $214.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $195.95.
Check Out Our Latest Report on Diamondback Energy
Diamondback Energy Price Performance
FANG stock traded down $0.99 during trading on Monday, reaching $205.35. 1,228,854 shares of the company were exchanged, compared to its average volume of 1,777,951. The company has a market cap of $36.62 billion, a P/E ratio of 11.84 and a beta of 1.93. Diamondback Energy has a 52-week low of $123.41 and a 52-week high of $211.96. The stock’s 50 day moving average price is $185.96 and its 200 day moving average price is $166.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.77.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The oil and natural gas company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.13. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.29 earnings per share. As a group, analysts predict that Diamondback Energy will post 18.47 earnings per share for the current fiscal year.
Diamondback Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were given a dividend of $3.08 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.84. The ex-dividend date was Monday, March 4th. This represents a $12.32 annualized dividend and a yield of 6.00%. Diamondback Energy’s dividend payout ratio is 20.76%.
Insider Buying and Selling
In related news, COO Daniel N. Wesson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $192.17, for a total transaction of $1,153,020.00. Following the completion of the transaction, the chief operating officer now owns 78,218 shares of the company’s stock, valued at $15,031,153.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Hof Matthew Kaes Van’t sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $190.82, for a total transaction of $2,289,840.00. Following the completion of the transaction, the chief financial officer now owns 185,882 shares of the company’s stock, valued at $35,470,003.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Daniel N. Wesson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $192.17, for a total transaction of $1,153,020.00. Following the sale, the chief operating officer now owns 78,218 shares of the company’s stock, valued at $15,031,153.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,675 shares of company stock valued at $11,311,096. Insiders own 0.43% of the company’s stock.
Institutional Investors Weigh In On Diamondback Energy
Institutional investors have recently bought and sold shares of the business. Founders Capital Management grew its stake in Diamondback Energy by 404.0% during the first quarter. Founders Capital Management now owns 126 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 101 shares during the period. BKM Wealth Management LLC purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $27,000. Hobbs Group Advisors LLC purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new stake in Diamondback Energy during the third quarter worth approximately $28,000. Finally, FinTrust Capital Advisors LLC grew its stake in Diamondback Energy by 232.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company’s stock worth $29,000 after buying an additional 149 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
Diamondback Energy Company Profile
(Get Free Report)
Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It 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.
Read More
Before you consider Diamondback Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Diamondback Energy wasn’t on the list.
While Diamondback Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Source: marketbeat.com
Diamondback Energy (NASDAQ:FANG – Free Report) had its price objective reduced by Morgan Stanley from $186.00 to $184.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the oil and natural gas company’s stock.
A number of other analysts also recently commented on FANG. UBS Group boosted their price objective on shares of Diamondback Energy from $183.00 to $200.00 and gave the stock a buy rating in a report on Wednesday, February 14th. Evercore ISI upped their price target on shares of Diamondback Energy from $185.00 to $215.00 and gave the company an outperform rating in a report on Monday, March 25th. Scotiabank upped their price target on shares of Diamondback Energy from $210.00 to $255.00 and gave the company a sector outperform rating in a report on Thursday. Piper Sandler upped their price target on shares of Diamondback Energy from $222.00 to $227.00 and gave the company an overweight rating in a report on Thursday, March 7th. Finally, Barclays started coverage on shares of Diamondback Energy in a report on Wednesday, April 10th. They issued an equal weight rating and a $214.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $195.95.
Check Out Our Latest Report on Diamondback Energy
Diamondback Energy Price Performance
FANG stock traded down $0.99 during trading on Monday, reaching $205.35. 1,228,854 shares of the company were exchanged, compared to its average volume of 1,777,951. The company has a market cap of $36.62 billion, a P/E ratio of 11.84 and a beta of 1.93. Diamondback Energy has a 52-week low of $123.41 and a 52-week high of $211.96. The stock’s 50 day moving average price is $185.96 and its 200 day moving average price is $166.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.77.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The oil and natural gas company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.13. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.29 earnings per share. As a group, analysts predict that Diamondback Energy will post 18.47 earnings per share for the current fiscal year.
Diamondback Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were given a dividend of $3.08 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.84. The ex-dividend date was Monday, March 4th. This represents a $12.32 annualized dividend and a yield of 6.00%. Diamondback Energy’s dividend payout ratio is 20.76%.
Insider Buying and Selling
In related news, COO Daniel N. Wesson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $192.17, for a total transaction of $1,153,020.00. Following the completion of the transaction, the chief operating officer now owns 78,218 shares of the company’s stock, valued at $15,031,153.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Hof Matthew Kaes Van’t sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $190.82, for a total transaction of $2,289,840.00. Following the completion of the transaction, the chief financial officer now owns 185,882 shares of the company’s stock, valued at $35,470,003.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Daniel N. Wesson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $192.17, for a total transaction of $1,153,020.00. Following the sale, the chief operating officer now owns 78,218 shares of the company’s stock, valued at $15,031,153.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,675 shares of company stock valued at $11,311,096. Insiders own 0.43% of the company’s stock.
Institutional Investors Weigh In On Diamondback Energy
Institutional investors have recently bought and sold shares of the business. Founders Capital Management grew its stake in Diamondback Energy by 404.0% during the first quarter. Founders Capital Management now owns 126 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 101 shares during the period. BKM Wealth Management LLC purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $27,000. Hobbs Group Advisors LLC purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new stake in Diamondback Energy during the third quarter worth approximately $28,000. Finally, FinTrust Capital Advisors LLC grew its stake in Diamondback Energy by 232.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company’s stock worth $29,000 after buying an additional 149 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
Diamondback Energy Company Profile
(Get Free Report)
Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It 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.
Read More
Before you consider Diamondback Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Diamondback Energy wasn’t on the list.
While Diamondback Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Source: marketbeat.com
