BidaskClub downgraded shares of Diamondback Energy (NASDAQ:FANG) from a buy rating to a hold rating in a report released on Thursday morning.
FANG has been the topic of a number of other reports. Zacks Investment Research lowered Diamondback Energy from a buy rating to a hold rating in a research report on Thursday, January 18th. Stifel Nicolaus set a $167.00 price target on Diamondback Energy and gave the stock a buy rating in a research report on Wednesday, March 28th. Barclays restated a buy rating and set a $138.00 price target on shares of Diamondback Energy in a research report on Sunday, December 24th. Stephens restated a buy rating and set a $159.00 price target on shares of Diamondback Energy in a research report on Friday, February 16th. Finally, Mizuho set a $148.00 price target on Diamondback Energy and gave the stock a buy rating in a research report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $141.68.
FANG stock opened at $118.70 on Thursday. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $134.60. The company has a market capitalization of $11,420.78, a PE ratio of 22.40, a P/E/G ratio of 0.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62.
In other Diamondback Energy news, CEO Travis D. Stice sold 87,150 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $125.20, for a total value of $10,911,180.00. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 a total of 136,431 shares of company stock worth $17,101,852 over the last quarter. Corporate insiders own 0.41% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB lifted its stake in shares of Diamondback Energy by 17.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 9,617 shares of the oil and natural gas company’s stock valued at $1,214,000 after purchasing an additional 1,452 shares during the period. Ashburton Jersey Ltd lifted its stake in shares of Diamondback Energy by 20.6% in the 4th quarter. Ashburton Jersey Ltd now owns 22,276 shares of the oil and natural gas company’s stock valued at $2,812,000 after purchasing an additional 3,800 shares during the period. Delek Group Ltd. acquired a new position in shares of Diamondback Energy in the 4th quarter valued at $6,303,000. William Blair Investment Management LLC lifted its stake in shares of Diamondback Energy by 24.8% in the 4th quarter. William Blair Investment Management LLC now owns 851,819 shares of the oil and natural gas company’s stock valued at $107,542,000 after purchasing an additional 169,321 shares during the period. Finally, BB&T Securities LLC lifted its stake in shares of Diamondback Energy by 479.0% in the 4th quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock valued at $2,103,000 after purchasing an additional 13,780 shares during the period.
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About Diamondback Energy
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.
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