Diamondback Energy Inc. (NASDAQ:FANG) hit a new 52-week high during trading on Monday . The stock traded as high as $96.95 and last traded at $96.17, with a volume of 352,501 shares traded. The stock had previously closed at $94.58.

Several equities research analysts have recently weighed in on FANG shares. Simmons reaffirmed an “overweight” rating and issued a $109.00 target price (up previously from $106.00) on shares of Diamondback Energy in a research report on Saturday. Piper Jaffray Cos. started coverage on Diamondback Energy in a research report on Monday, July 11th. They issued an “overweight” rating and a $101.00 target price for the company. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of Diamondback Energy in a research report on Wednesday, June 8th. Zacks Investment Research downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Roth Capital downgraded Diamondback Energy from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research report on Monday, May 9th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $95.31.

The stock’s market cap is $7.41 billion. The stock’s 50-day moving average is $90.10 and its 200 day moving average is $83.37.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. During the same period last year, the business earned $0.41 earnings per share. The firm had revenue of $112.48 million for the quarter, compared to analyst estimates of $112.47 million. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts predict that Diamondback Energy Inc. will post $1.04 earnings per share for the current year.

In related news, VP Paul Molnar sold 4,722 shares of Diamondback Energy stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $91.82, for a total transaction of $433,574.04. Following the sale, the vice president now directly owns 33,753 shares of the company’s stock, valued at $3,099,200.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Teresa L. Dick sold 1,000 shares of Diamondback Energy stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $95.71, for a total value of $95,710.00. Following the sale, the chief financial officer now directly owns 25,750 shares in the company, valued at $2,464,532.50. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Pear Tree Advisors Inc. bought a new stake in Diamondback Energy during the fourth quarter worth $1,115,000. US Bancorp DE increased its stake in Diamondback Energy by 136.2% in the fourth quarter. US Bancorp DE now owns 18,952 shares of the company’s stock worth $1,267,000 after buying an additional 10,929 shares during the last quarter. Airain ltd bought a new stake in Diamondback Energy during the fourth quarter worth $1,355,000. Redwood Investments LLC increased its stake in Diamondback Energy by 22.6% in the fourth quarter. Redwood Investments LLC now owns 24,983 shares of the company’s stock worth $1,671,000 after buying an additional 4,609 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its stake in Diamondback Energy by 11.5% in the fourth quarter. I.G. Investment Management LTD. now owns 87,254 shares of the company’s stock worth $5,837,000 after buying an additional 9,031 shares during the last quarter.

Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres.

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