Diamondback Energy (FANG) Receiving Somewhat Favorable News Coverage, Study Finds

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Media coverage about Diamondback Energy (NASDAQ:FANG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Diamondback Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the oil and natural gas company an impact score of 47.571465379719 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern’s scoring:

Shares of NASDAQ FANG traded down $2.21 during midday trading on Friday, hitting $132.34. 729,797 shares of the company’s stock were exchanged, compared to its average volume of 1,572,166. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.30. The company has a market cap of $13.28 billion, a PE ratio of 24.97, a P/E/G ratio of 0.74 and a beta of 0.73. Diamondback Energy has a twelve month low of $85.73 and a twelve month high of $138.25.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, May 8th. The oil and natural gas company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. Diamondback Energy had a return on equity of 10.53% and a net margin of 35.09%. The business had revenue of $480.20 million during the quarter, compared to the consensus estimate of $445.78 million. During the same period in the previous year, the firm posted $1.04 earnings per share. The business’s revenue was up 104.1% on a year-over-year basis. sell-side analysts forecast that Diamondback Energy will post 6.8 earnings per share for the current fiscal year.

FANG has been the topic of a number of analyst reports. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 30th. ValuEngine raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Stifel Nicolaus set a $167.00 price objective on Diamondback Energy and gave the company a “buy” rating in a report on Monday, April 23rd. KeyCorp boosted their price objective on Diamondback Energy from $137.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 23rd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $141.00 price objective on shares of Diamondback Energy in a report on Friday, April 6th. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $146.88.

In related news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $137.00, for a total transaction of $274,000.00. Following the sale, the vice president now owns 91,532 shares of the company’s stock, valued at $12,539,884. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Hof Matthew Kaes Van’t sold 832 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $128.46, for a total value of $106,878.72. Following the sale, the vice president now directly owns 6,897 shares in the company, valued at approximately $885,988.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,332 shares of company stock worth $1,367,579. 0.57% of the stock is owned by corporate insiders.

Diamondback Energy Company Profile

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.

Further Reading: Average Daily Trade Volume – ADTV

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

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