Stifel Nicolaus Analysts Give Diamondback Energy (FANG) a $167.00 Price Target

Stifel Nicolaus set a $167.00 price objective on Diamondback Energy (NASDAQ:FANG) in a research note released on Wednesday morning. The firm currently has a buy rating on the oil and natural gas company’s stock.

Other research analysts have also issued research reports about the company. ValuEngine raised Diamondback Energy from a hold rating to a buy rating in a report on Tuesday. 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. Morgan Stanley upped their price objective on Diamondback Energy from $138.00 to $167.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Piper Jaffray reaffirmed a buy rating and set a $138.00 price objective on shares of Diamondback Energy in a report on Tuesday, January 9th. Finally, Zacks Investment Research raised Diamondback Energy from a hold rating to a buy rating and set a $146.00 price objective on the stock in a report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $141.64.

How to Become a New Pot Stock Millionaire

Diamondback Energy stock opened at $126.52 on Wednesday. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $134.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.61. The company has a market cap of $12,420.13, a PE ratio of 23.74, a P/E/G ratio of 0.70 and a beta of 0.91.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. The business had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million. sell-side analysts anticipate that Diamondback Energy will post 6.91 EPS for the current fiscal year.

In related news, CEO Travis D. Stice sold 35,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 171,431 shares of company stock worth $21,476,852 in the last three months. 0.41% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in shares of Diamondback Energy by 42.6% during the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock valued at $164,000 after acquiring an additional 389 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of Diamondback Energy by 7.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 6,651 shares of the oil and natural gas company’s stock valued at $840,000 after acquiring an additional 480 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Diamondback Energy by 8.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,295 shares of the oil and natural gas company’s stock valued at $795,000 after acquiring an additional 510 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Diamondback Energy by 4.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,161 shares of the oil and natural gas company’s stock valued at $1,191,000 after acquiring an additional 564 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Diamondback Energy by 5.8% during the third quarter. Janus Henderson Group PLC now owns 10,972 shares of the oil and natural gas company’s stock valued at $1,075,000 after acquiring an additional 600 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: “Stifel Nicolaus Analysts Give Diamondback Energy (FANG) a $167.00 Price Target” was first published by WKRB News and is owned by of WKRB News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.wkrb13.com/2018/03/31/stifel-nicolaus-analysts-give-diamondback-energy-fang-a-167-00-price-target.html.

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.

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.

Leave a Reply