Diamondback Energy Inc (NASDAQ:FANG) VP Randall J. Holder sold 7,120 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $124.15, for a total value of $883,948.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Diamondback Energy Inc (FANG) opened at $124.64 on Thursday. The firm has a market capitalization of $12,230.00, a PE ratio of 25.18, a P/E/G ratio of 0.70 and a beta of 0.91. Diamondback Energy Inc has a fifty-two week low of $82.77 and a fifty-two week high of $134.52. 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 issued its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.16. The company had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. equities analysts predict that Diamondback Energy Inc will post 6.98 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on FANG shares. Zacks Investment Research upgraded Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Wednesday, January 17th. Deutsche Bank started coverage on Diamondback Energy in a report on Thursday, February 1st. They issued a “buy” rating and a $162.00 price objective for the company. Scotiabank reiterated a “buy” rating and issued a $118.00 price objective on shares of Diamondback Energy in a report on Wednesday, November 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $138.00 price objective on shares of Diamondback Energy in a report on Tuesday, January 9th. Finally, Credit Suisse Group set a $143.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Diamondback Energy presently has an average rating of “Buy” and a consensus price target of $137.76.
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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.
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