BidaskClub lowered shares of Diamondback Energy (NASDAQ:FANG) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Other analysts have also recently issued research reports about the stock. Northland Securities set a $120.00 price target on shares of Diamondback Energy and gave the stock a buy rating in a research report on Monday, December 11th. Citigroup started coverage on shares of Diamondback Energy in a research report on Friday, December 1st. They set a buy rating and a $130.00 price target on the stock. Mizuho set a $122.00 price target on shares of Diamondback Energy and gave the stock a buy rating in a research report on Saturday, November 25th. Piper Jaffray Companies reissued a buy rating and set a $118.00 price target on shares of Diamondback Energy in a research report on Friday, November 24th. Finally, Scotiabank reissued a buy rating and set a $118.00 price target on shares of Diamondback Energy in a research report on Wednesday, November 22nd. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Diamondback Energy currently has a consensus rating of Buy and an average target price of $140.92.

Shares of Diamondback Energy (FANG) opened at $127.78 on Tuesday. The stock has a market cap of $12,779.42, a PE ratio of 24.42, a PEG ratio of 0.73 and a beta of 0.91. Diamondback Energy has a 1 year low of $82.77 and a 1 year high of $134.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. research analysts expect that Diamondback Energy will post 6.89 EPS for the current fiscal year.

In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $130.97, for a total value of $327,425.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Travis D. Stice sold 87,150 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $125.20, for a total transaction of $10,911,180.00. The disclosure for this sale can be found here. Insiders have sold 171,431 shares of company stock worth $21,476,852 over the last 90 days. Insiders own 0.41% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB increased its stake in Diamondback Energy by 17.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 9,617 shares of the oil and natural gas company’s stock valued at $1,214,000 after purchasing an additional 1,452 shares during the last quarter. Ashburton Jersey Ltd increased its stake in Diamondback Energy by 20.6% in the fourth quarter. Ashburton Jersey Ltd now owns 22,276 shares of the oil and natural gas company’s stock valued at $2,812,000 after purchasing an additional 3,800 shares during the last quarter. Delek Group Ltd. purchased a new position in Diamondback Energy in the fourth quarter valued at approximately $6,303,000. William Blair Investment Management LLC increased its stake in Diamondback Energy by 24.8% in the fourth quarter. William Blair Investment Management LLC now owns 851,819 shares of the oil and natural gas company’s stock valued at $107,542,000 after purchasing an additional 169,321 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in Diamondback Energy by 479.0% in the fourth quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock valued at $2,103,000 after purchasing an additional 13,780 shares during the last quarter.

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About Diamondback Energy

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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