3 days Ago By ABMN Staff
Diamondback Energy, Inc. ( NASDAQ:FANG – Get Free Report ) has earned an average rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company.
The average 1-year price objective among brokers that have covered the stock in the last year is $211.45. FANG has been the subject of a number of analyst reports.
Royal Bank of Canada reissued an “outperform” rating and issued a $220.00 price target on shares of Diamondback Energy in a research report on Tuesday, August 13th. Susquehanna cut their price target on Diamondback Energy from $245.
00 to $237.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Bank of America boosted their target price on shares of Diamondback Energy from $201.
00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Wolfe Research began coverage on shares of Diamondback Energy in a research report on Thursday, July 18th.
They issued a “peer perform” rating for the company. Finally, Truist Financial upped their target price on Diamondback Energy from $249.00 to $255.
00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Read Our Latest Stock Report on FANG Diamondback Energy Price Performance Diamondback Energy ( NASDAQ:FANG – Get Free Report ) last posted its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $4.
52 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.01.
The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.19 billion.
Diamondback Energy had a return on equity of 19.54% and a net margin of 37.51%.
The firm’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.
68 earnings per share. Research analysts anticipate that Diamondback Energy will post 19.08 EPS for the current fiscal year.
Diamondback Energy Increases Dividend The company also recently declared a None dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $2.34 per share.
This is a positive change from Diamondback Energy’s previous None dividend of $2.26. This represents a dividend yield of 1.
9%. The ex-dividend date of this dividend was Thursday, August 15th. Diamondback Energy’s dividend payout ratio (DPR) is currently 20.
29%. Institutional Investors Weigh In On Diamondback Energy A number of hedge funds have recently added to or reduced their stakes in FANG. Founders Capital Management lifted its stake in Diamondback Energy by 404.
0% during the first quarter. Founders Capital Management now owns 126 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. First Community Trust NA acquired a new position in shares of Diamondback Energy during the 2nd quarter worth $26,000.
Carolinas Wealth Consulting LLC grew its holdings in Diamondback Energy by 67.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock valued at $27,000 after buying an additional 55 shares during the last quarter.
Logan Capital Management Inc. purchased a new stake in shares of Diamondback Energy during the fourth quarter worth about $31,000. Finally, HHM Wealth Advisors LLC acquired a new position in Diamondback Energy in the second quarter valued at $40,000.
90.01% of the stock is currently owned by institutional investors and hedge funds. Diamondback Energy Company Profile ( Get Free Report Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, 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. Featured Stories 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 .
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