Somewhat Positive Press Coverage Somewhat Unlikely to Impact Diamondback Energy (FANG) Share Price
Media coverage about Diamondback Energy (NASDAQ:FANG) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamondback Energy earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 46.3942151462828 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Q1 2018 EPS Estimates for Diamondback Energy Increased by Imperial Capital (FANG) (americanbankingnews.com)
- Q1 2018 EPS Estimates for Diamondback Energy Reduced by Analyst (FANG) (americanbankingnews.com)
- Diamondback Energy (FANG) Lowered to “Sell” at BidaskClub (americanbankingnews.com)
- Diamondback Energy (FANG) Given a $100.00 Price Target at BMO Capital Markets (americanbankingnews.com)
- Diamondback Energy (FANG) Given a $114.00 Price Target by Williams Capital Analysts (americanbankingnews.com)
Shares of Diamondback Energy stock traded up $0.34 during trading on Monday, reaching $119.04. 1,462,345 shares of the company were exchanged, compared to its average volume of 1,457,129. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Diamondback Energy has a twelve month low of $82.77 and a twelve month high of $134.60. The stock has a market cap of $11,652.46, a PE ratio of 22.46, a price-to-earnings-growth ratio of 0.66 and a beta of 0.82.
Several equities research analysts have recently commented on the company. BidaskClub cut Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus set a $169.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, April 10th. Piper Jaffray reissued a “buy” rating and issued a $141.00 target price on shares of Diamondback Energy in a research note on Friday, April 6th. ValuEngine cut Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, UBS assumed coverage on Diamondback Energy in a research note on Wednesday, March 7th. They issued a “buy” rating and a $155.00 target price for the company. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Diamondback Energy has a consensus rating of “Buy” and a consensus price target of $141.68.
In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of Diamondback Energy stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $130.97, for a total transaction of $327,425.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Travis D. Stice sold 87,150 shares of Diamondback Energy stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $125.20, for a total value of $10,911,180.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,431 shares of company stock worth $17,101,852. Corporate insiders own 0.41% of the company’s stock.
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About Diamondback Energy
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.
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