Diamondback Energy (NASDAQ:FANG) has been assigned a $165.00 price target by investment analysts at Williams Capital in a note issued to investors on Thursday, TipRanks reports. The firm presently has a “buy” rating on the oil and natural gas company’s stock. Williams Capital’s price target suggests a potential upside of 59.96% from the company’s current price.

Several other brokerages also recently issued reports on FANG. KeyCorp raised their price objective on shares of Diamondback Energy from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of Diamondback Energy from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, February 21st. JPMorgan Chase & Co. restated an “overweight” rating and set a $148.00 price objective on shares of Diamondback Energy in a research report on Monday, March 11th. BidaskClub upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Mizuho started coverage on shares of Diamondback Energy in a research report on Tuesday, January 29th. They set a “buy” rating and a $137.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $161.09.

FANG stock traded down $5.73 during mid-day trading on Thursday, hitting $103.15. 86,204 shares of the company were exchanged, compared to its average volume of 1,991,840. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.93 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.68 and a beta of 0.80. Diamondback Energy has a 1-year low of $85.19 and a 1-year high of $140.78.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.03. The firm had revenue of $864.00 million during the quarter, compared to the consensus estimate of $893.16 million. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The business’s revenue for the quarter was up 80.4% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. As a group, research analysts expect that Diamondback Energy will post 8.08 EPS for the current year.

In related news, VP Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $112.18, for a total value of $560,900.00. Following the transaction, the vice president now directly owns 117,107 shares of the company’s stock, valued at $13,137,063.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael L. Hollis acquired 5,313 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $95.12 per share, for a total transaction of $505,372.56. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 11,050 shares of company stock valued at $1,187,058. 0.47% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Ranger Investment Management L.P. bought a new position in Diamondback Energy in the fourth quarter valued at approximately $25,000. Berman Capital Advisors LLC increased its stake in Diamondback Energy by 180.8% in the first quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock valued at $29,000 after acquiring an additional 188 shares during the last quarter. Manchester Capital Management LLC bought a new position in Diamondback Energy in the first quarter valued at approximately $34,000. Bronfman E.L. Rothschild L.P. increased its stake in Diamondback Energy by 136.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 400 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 231 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Diamondback Energy by 114.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 214 shares during the last quarter.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

Read More: What is a trade deficit?

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.