Diamondback Energy (NASDAQ:FANG) Price Target Cut to $166.00 by Analysts at Barclays

Diamondback Energy (NASDAQ:FANGGet Rating) had its price target decreased by Barclays from $173.00 to $166.00 in a research report sent to investors on Monday morning, The Fly reports. Barclays currently has an overweight rating on the oil and natural gas company’s stock.

Other research analysts have also recently issued reports about the stock. Susquehanna Bancshares lifted their price objective on shares of Diamondback Energy from $180.00 to $190.00 in a research note on Wednesday, November 9th. StockNews.com initiated coverage on shares of Diamondback Energy in a research note on Wednesday, October 12th. They issued a hold rating on the stock. KeyCorp cut their target price on shares of Diamondback Energy from $182.00 to $171.00 and set an overweight rating on the stock in a research report on Thursday, December 8th. Citigroup raised their target price on shares of Diamondback Energy from $155.00 to $170.00 in a research report on Tuesday, November 22nd. Finally, Raymond James raised their target price on shares of Diamondback Energy from $190.00 to $200.00 and gave the company a strong-buy rating in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $181.48.

Diamondback Energy Stock Up 1.2 %

Shares of FANG opened at $149.35 on Monday. Diamondback Energy has a 12 month low of $103.71 and a 12 month high of $168.95. The firm’s 50 day moving average is $142.10 and its 200-day moving average is $136.74. The stock has a market capitalization of $26.29 billion, a PE ratio of 6.08, a P/E/G ratio of 0.28 and a beta of 2.00. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.37.

Diamondback Energy (NASDAQ:FANGGet Rating) last announced its quarterly earnings data on Monday, November 7th. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.51 by ($0.03). The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. Diamondback Energy had a net margin of 45.47% and a return on equity of 28.49%. Equities research analysts forecast that Diamondback Energy will post 24.5 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently announced a None dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 17th were issued a $2.26 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a yield of 4.7%. Diamondback Energy’s payout ratio is 12.22%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, VP Matt Zmigrosky sold 2,012 shares of Diamondback Energy stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $136.96, for a total value of $275,563.52. Following the completion of the sale, the vice president now directly owns 23,623 shares of the company’s stock, valued at $3,235,406.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Diamondback Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. bought a new stake in Diamondback Energy in the fourth quarter valued at $25,000. Adirondack Trust Co. increased its stake in Diamondback Energy by 275.0% in the third quarter. Adirondack Trust Co. now owns 225 shares of the oil and natural gas company’s stock valued at $27,000 after purchasing an additional 165 shares in the last quarter. Private Trust Co. NA bought a new stake in Diamondback Energy in the second quarter valued at $28,000. SOA Wealth Advisors LLC. increased its stake in Diamondback Energy by 72.1% in the third quarter. SOA Wealth Advisors LLC. now owns 241 shares of the oil and natural gas company’s stock valued at $29,000 after purchasing an additional 101 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC increased its stake in Diamondback Energy by 366.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 224 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 176 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

About Diamondback Energy

(Get Rating)

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 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.

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Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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