ValuEngine upgraded shares of Diamondback Energy (NASDAQ:FANG) from a sell rating to a hold rating in a research report report published on Wednesday.
Other analysts also recently issued research reports about the company. Williams Capital reiterated a buy rating and issued a $153.00 price objective on shares of Diamondback Energy in a research report on Wednesday, December 12th. Citigroup reiterated a buy rating and issued a $155.00 price objective on shares of Diamondback Energy in a research report on Tuesday, December 11th. Jefferies Financial Group initiated coverage on Diamondback Energy in a research report on Monday, December 3rd. They issued a buy rating and a $177.00 price objective for the company. Morgan Stanley set a $145.00 price objective on Diamondback Energy and gave the company a buy rating in a research report on Thursday, December 20th. Finally, Goldman Sachs Group reiterated a buy rating on shares of Diamondback Energy in a research report on Friday, December 28th. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $159.41.
NASDAQ:FANG opened at $101.37 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.32. Diamondback Energy has a 1-year low of $85.19 and a 1-year high of $140.78. The company has a market capitalization of $16.66 billion, a P/E ratio of 17.27, a PEG ratio of 0.64 and a beta of 0.80.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 19th. The oil and natural gas company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.41). Diamondback Energy had a net margin of 38.84% and a return on equity of 7.83%. The company had revenue of $633.06 million during the quarter, compared to the consensus estimate of $663.21 million. On average, equities analysts forecast that Diamondback Energy will post 7.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, February 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.49%. Diamondback Energy’s dividend payout ratio (DPR) is presently 8.52%.
In other news, CFO Hof Matthew Kaes Van’t sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $101.82, for a total transaction of $173,094.00. Following the transaction, the chief financial officer now directly owns 28,965 shares of the company’s stock, valued at $2,949,216.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer Soliman sold 350 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $104.41, for a total value of $36,543.50. Following the transaction, the vice president now directly owns 2,624 shares in the company, valued at $273,971.84. The disclosure for this sale can be found here. Insiders have sold 6,050 shares of company stock worth $626,158 over the last three months. Insiders own 0.57% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Jackson Hole Capital Partners LLC purchased a new stake in Diamondback Energy in the fourth quarter worth $201,000. Norges Bank purchased a new stake in Diamondback Energy in the fourth quarter worth $141,883,000. Kentucky Retirement Systems purchased a new stake in Diamondback Energy in the fourth quarter worth $622,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Diamondback Energy in the fourth quarter worth $283,000. Finally, Aurora Investment Counsel grew its stake in Diamondback Energy by 4.7% in the fourth quarter. Aurora Investment Counsel now owns 16,854 shares of the oil and natural gas company’s stock worth $1,562,000 after purchasing an additional 760 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Diamondback Energy Company Profile
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.
Recommended Story: Why is the ex-dividend date different from the record date?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.