Diamondback Energy, Inc. (NASDAQ:FANG)‘s stock had its “buy” rating reissued by Mizuho in a research note issued to investors on Thursday. They presently have a $114.00 price objective on the oil and natural gas company’s stock, up from their previous price objective of $109.00. Mizuho’s price objective would suggest a potential upside of 19.74% from the company’s previous close.

Other analysts have also issued reports about the stock. Scotiabank set a $95.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Saturday, July 1st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $141.00 price target on shares of Diamondback Energy in a research note on Thursday, May 25th. BMO Capital Markets set a $120.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Barclays PLC reiterated a “hold” rating and issued a $93.00 price target on shares of Diamondback Energy in a research note on Friday, July 7th. Finally, Bank of America Corporation assumed coverage on shares of Diamondback Energy in a research note on Wednesday, July 19th. They issued a “buy” rating and a $115.00 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $115.31.

Diamondback Energy (NASDAQ:FANG) traded up 6.15% on Thursday, reaching $95.21. 2,052,934 shares of the company’s stock were exchanged. The company has a market cap of $9.34 billion, a PE ratio of 2025.74 and a beta of 1.06. The firm’s 50 day moving average price is $89.98 and its 200 day moving average price is $98.63. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $114.00.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.44. Diamondback Energy had a net margin of 38.24% and a return on equity of 8.09%. The firm had revenue of $267.40 million during the quarter, compared to analyst estimates of $258.75 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 137.7% on a year-over-year basis. On average, analysts expect that Diamondback Energy will post $4.37 earnings per share for the current year.

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In related news, Director Mark Lawrence Plaumann sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $101.52, for a total value of $101,520.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven E. West purchased 2,400 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $103.45 per share, for a total transaction of $248,280.00. Following the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $248,280. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its position in Diamondback Energy by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock worth $224,000 after buying an additional 40 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Diamondback Energy by 2.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,650 shares of the oil and natural gas company’s stock worth $379,000 after buying an additional 100 shares during the period. American International Group Inc. boosted its position in Diamondback Energy by 5.8% in the first quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock worth $239,000 after buying an additional 126 shares during the period. AT Bancorp boosted its position in Diamondback Energy by 1.8% in the second quarter. AT Bancorp now owns 8,475 shares of the oil and natural gas company’s stock worth $753,000 after buying an additional 151 shares during the period. Finally, Toronto Dominion Bank boosted its position in Diamondback Energy by 26.2% in the first quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock worth $100,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Diamondback Energy Company Profile

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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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