Diamondback Energy (NASDAQ:FANG) PT Lowered to $125.00 at Barclays

Share on StockTwits

Diamondback Energy (NASDAQ:FANG) had its target price cut by Barclays from $189.00 to $125.00 in a report issued on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the oil and natural gas company’s stock.

Other research analysts also recently issued research reports about the company. Wells Fargo & Co dropped their price target on Diamondback Energy from $171.00 to $168.00 and set an outperform rating on the stock in a research note on Friday, September 20th. Morgan Stanley cut their price target on Diamondback Energy from $131.00 to $129.00 and set an overweight rating on the stock in a research report on Monday, October 14th. Imperial Capital reduced their price objective on Diamondback Energy from $100.00 to $88.00 and set an outperform rating for the company in a research note on Thursday, November 7th. TheStreet downgraded Diamondback Energy from a b- rating to a c+ rating in a report on Tuesday, October 8th. Finally, Raymond James lowered their target price on shares of Diamondback Energy from $120.00 to $110.00 and set a strong-buy rating on the stock in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $135.60.

NASDAQ FANG opened at $83.23 on Friday. The company has a fifty day moving average of $80.64 and a two-hundred day moving average of $94.31. The company has a market capitalization of $13.35 billion, a PE ratio of 14.18, a P/E/G ratio of 1.04 and a beta of 0.79. Diamondback Energy has a 1 year low of $73.18 and a 1 year high of $114.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.72 and a quick ratio of 0.68.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Tuesday, November 5th. The oil and natural gas company reported $1.47 EPS for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.24). Diamondback Energy had a return on equity of 6.01% and a net margin of 29.59%. The firm had revenue of $975.00 million for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $1.67 EPS. The firm’s revenue for the quarter was up 81.6% on a year-over-year basis. On average, research analysts expect that Diamondback Energy will post 6.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.90%. Diamondback Energy’s payout ratio is 12.78%.

In other news, VP Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $100.25, for a total transaction of $501,250.00. Following the completion of the transaction, the vice president now owns 105,107 shares of the company’s stock, valued at approximately $10,536,976.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Randall J. Holder sold 3,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $103.21, for a total transaction of $309,630.00. Following the completion of the sale, the executive vice president now owns 8,448 shares in the company, valued at $871,918.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,000 shares of company stock worth $1,120,130. Insiders own 0.47% of the company’s stock.

A number of large investors have recently bought and sold shares of FANG. Steward Partners Investment Advisory LLC acquired a new stake in shares of Diamondback Energy in the second quarter valued at approximately $32,000. Commonwealth Bank of Australia lifted its stake in Diamondback Energy by 81.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 338 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 152 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Diamondback Energy in the 2nd quarter valued at approximately $44,000. FNY Investment Advisers LLC grew its holdings in Diamondback Energy by 4,118.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 464 shares of the oil and natural gas company’s stock valued at $41,000 after buying an additional 453 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Diamondback Energy during the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 98.64% 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 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.

Recommended Story: Why is the LIBOR significant?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.