Diamondback Energy Inc. (NASDAQ:FANG) COO Michael L. Hollis sold 1,000 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Diamondback Energy Inc. (NASDAQ:FANG) opened at 96.54 on Friday. The stock’s market capitalization is $7.53 billion. The firm’s 50-day moving average is $94.20 and its 200-day moving average is $88.25. Diamondback Energy Inc. has a one year low of $55.48 and a one year high of $99.69.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $112.48 million for the quarter, compared to analyst estimates of $112.47 million. Diamondback Energy had a positive return on equity of 3.82% and a negative net margin of 124.95%. Diamondback Energy’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. Equities research analysts forecast that Diamondback Energy Inc. will post $1.02 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its stake in Diamondback Energy by 17.4% in the second quarter. Macquarie Group Ltd. now owns 151,043 shares of the company’s stock worth $13,777,000 after buying an additional 22,409 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Diamondback Energy during the second quarter worth approximately $748,000. Sanctuary Wealth Advisors LLC acquired a new position in Diamondback Energy during the second quarter worth approximately $3,453,000. CI Investments Inc. acquired a new position in Diamondback Energy during the second quarter worth approximately $885,000. Finally, Public Employees Retirement System of Ohio increased its position in Diamondback Energy by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 78,516 shares of the company’s stock worth $7,161,000 after buying an additional 1,724 shares during the last quarter. 99.74% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on FANG shares. Roth Capital reiterated a “hold” rating on shares of Diamondback Energy in a report on Tuesday, July 12th. Barclays PLC boosted their price objective on shares of Diamondback Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Diamondback Energy in a research report on Monday, July 18th. Wunderlich boosted their price objective on shares of Diamondback Energy from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. Finally, Deutsche Bank AG boosted their price objective on shares of Diamondback Energy from $104.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $94.86.
Diamondback Energy Company Profile
Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres.
Receive News & Ratings for Diamondback Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.