Raymond James Financial Increases Diamondback Energy (NASDAQ:FANG) Price Target to $255.00

Diamondback Energy (NASDAQ:FANG) had its price target lifted by analysts at Raymond James Financial from $248.00 to $255.00 in a report released on Thursday, Benzinga reports. The firm presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James Financial’s price objective would suggest a potential upside of 31.77% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus initiated coverage on Diamondback Energy in a report on Thursday, September 10th. They issued a “buy” rating and a $259.00 price objective for the company. Roth Capital set a $212.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research downgraded shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $205.00 price target on shares of Diamondback Energy in a research note on Sunday, August 9th. Finally, Citigroup decreased their price objective on shares of Diamondback Energy from $221.00 to $220.00 and set a “buy” rating for the company in a report on Monday, August 10th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.90.

Diamondback Energy Stock Down 0.5%

FANG traded down $1.01 during trading on Thursday, hitting $193.53. 1,035,562 shares of the company’s stock traded hands, compared to its average volume of 2,607,748. The stock has a market capitalization of $54.19 billion, a price-to-earnings ratio of 37.64 and a beta of 0.43. The company’s 50 day simple moving average is $199.21 and its two-hundred day simple moving average is $193.61. Diamondback Energy has a 12-month low of $136.13 and a 12-month high of $216.90. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.40. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The company’s revenue was up 51.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 earnings per share. Analysts predict that Diamondback Energy will post 19.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Travis D. Stice sold 75,000 shares of Diamondback Energy stock in a transaction on Friday, September 11th. The shares were sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the transaction, the director owned 49,727 shares in the company, valued at $10,159,723.37. This trade represents a 60.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total transaction of $6,613,600.53. Following the sale, the director directly owned 818,197 shares of the company’s stock, valued at approximately $162,338,466.77. The trade was a 3.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors have recently bought and sold shares of the stock. Talon Private Wealth LLC grew its holdings in Diamondback Energy by 19.8% during the second quarter. Talon Private Wealth LLC now owns 12,075 shares of the oil and natural gas company’s stock valued at $2,122,000 after purchasing an additional 1,993 shares during the period. The Manufacturers Life Insurance Company increased its position in Diamondback Energy by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 150,826 shares of the oil and natural gas company’s stock worth $26,512,000 after buying an additional 4,686 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Diamondback Energy by 3.5% in the second quarter. Sequoia Financial Advisors LLC now owns 7,686 shares of the oil and natural gas company’s stock worth $1,351,000 after buying an additional 259 shares during the period. MCF Advisors LLC raised its stake in shares of Diamondback Energy by 11.6% in the second quarter. MCF Advisors LLC now owns 1,987 shares of the oil and natural gas company’s stock worth $349,000 after buying an additional 207 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Diamondback Energy by 43.3% during the 2nd quarter. Allworth Financial LP now owns 11,812 shares of the oil and natural gas company’s stock valued at $2,076,000 after buying an additional 3,568 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Diamondback Energy News Summary

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: UBS reiterated a Buy view on Diamondback, supporting the case that the company’s Permian Basin assets and production efficiency remain attractive. Diamondback Receives a Buy from UBS
• Positive Sentiment: Recent coverage continued to highlight FANG as a growth-oriented energy stock, while its latest reported quarter showed earnings and revenue above consensus estimates and substantial year-over-year revenue growth. Why Diamondback Energy Is a Strong Growth Stock
• Neutral Sentiment: The stock had recently outperformed, gaining in the prior session even as the broader market declined, which may have left it vulnerable to profit-taking and sector rotation. Diamondback Energy Gains as Market Dips
• Negative Sentiment: Crude benchmarks pulled back after a strong rally, pressuring oil and gas producers. Brent crude declined as investors assessed Middle East supply risks and awaited the Federal Reserve’s policy decision; weaker oil prices can reduce expected cash flow and profitability for producers such as FANG. Diamondback Leads Broad Energy Stock Losses
• Negative Sentiment: A reported approximately $1.9 billion stock sale by an oil heiress intensified selling pressure. The transaction raises concerns about near-term share supply and investor sentiment, even if it does not change Diamondback’s underlying operations. Oil Heiress’s Stock Sale Sinks Diamondback Shares
• Negative Sentiment: FANG’s decline occurred alongside broad selling in energy equities as investors repositioned ahead of the Fed decision and bond yields steadied, suggesting the move reflects both commodity-specific and macroeconomic pressure. Diamondback Energy Retreats as Crude Prices Pull Back

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas and southeastern New Mexico. The company’s operations are concentrated primarily in the Midland and Delaware sub-basins.

Diamondback produces crude oil, natural gas and natural gas liquids. Its activities include drilling and completing horizontal wells, operating gathering and infrastructure assets, and managing mineral and royalty interests through its Viper Energy platform.