Diamondback Energy (FANG) Getting Somewhat Positive Media Coverage, Accern Reports
Headlines about Diamondback Energy (NASDAQ:FANG) have been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamondback Energy earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 45.6902019661216 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Diamondback Energy Inc (FANG) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Should You Consider Diamondback Energy Inc (NASDAQ:FANG) Because Of These Reasons (finance.yahoo.com)
- FANG Crosses Critical Technical Indicator (nasdaq.com)
- Why Is Diamondback (FANG) Down 12.7% Since Last Earnings Report? (finance.yahoo.com)
- Why Analysts Rate WPX Energy a ‘Strong Buy’ (finance.yahoo.com)
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Williams Capital set a $165.00 target price on shares of Diamondback Energy and gave the company a “hold” rating in a research report on Wednesday, August 15th. Morgan Stanley raised their target price on shares of Diamondback Energy from $163.00 to $176.00 and gave the company an “overweight” rating in a research report on Thursday, July 12th. ValuEngine upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, BMO Capital Markets lowered shares of Diamondback Energy from an “outperform” rating to a “market perform” rating and set a $150.00 target price on the stock. in a research report on Wednesday, August 15th. Five investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $154.18.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.05). The business had revenue of $526.30 million for the quarter, compared to the consensus estimate of $479.57 million. Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. Diamondback Energy’s revenue was up 95.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. research analysts predict that Diamondback Energy will post 6.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Monday, August 20th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, August 17th. Diamondback Energy’s payout ratio is currently 9.43%.
In related news, insider Michael L. Hollis sold 5,000 shares of Diamondback Energy stock in a transaction on Monday, July 16th. The shares were sold at an average price of $128.85, for a total transaction of $644,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Hof Matthew Kaes Van’t sold 832 shares of Diamondback Energy stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $128.46, for a total transaction of $106,878.72. Following the transaction, the vice president now directly owns 6,897 shares of the company’s stock, valued at approximately $885,988.62. The disclosure for this sale can be found here. Insiders have sold 5,972 shares of company stock valued at $768,014 in the last ninety days. Insiders own 0.57% of the company’s stock.
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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