Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Diamondback Energy (NASDAQ:FANG) Stock Price

News headlines about Diamondback Energy (NASDAQ:FANG) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Diamondback Energy earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 47.5905266328119 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern’s scoring:

Shares of Diamondback Energy (NASDAQ:FANG) opened at $127.15 on Wednesday. Diamondback Energy has a twelve month low of $82.77 and a twelve month high of $134.52. The company has a market cap of $12,507.50, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 0.72 and a beta of 0.91. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. The business had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million. equities research analysts predict that Diamondback Energy will post 6.83 EPS for the current year.

Several research analysts have recently issued reports on the stock. B. Riley assumed coverage on shares of Diamondback Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $150.00 target price on the stock. Morgan Stanley dropped their target price on shares of Diamondback Energy to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Piper Jaffray Companies set a $142.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Wednesday, January 17th. Finally, BidaskClub downgraded shares of Diamondback Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $139.40.

In other news, CFO Teresa L. Dick sold 2,500 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Russell Pantermuehl sold 1,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $116.06, for a total transaction of $116,060.00. Following the completion of the sale, the vice president now directly owns 58,966 shares of the company’s stock, valued at $6,843,593.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 192,431 shares of company stock valued at $24,001,312. 0.41% of the stock is owned by corporate insiders.

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Diamondback Energy Company Profile

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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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