1 day Ago By ABMN Staff
Research analysts at Jefferies Financial Group assumed coverage on shares of Diamondback Energy ( NASDAQ:FANG – Get Free Report ) in a note issued to investors on Monday, MarketBeat reports. The firm set a “hold” rating and a $185.00 price target on the oil and natural gas company’s stock.
Jefferies Financial Group’s price objective suggests a potential upside of 2.91% from the company’s previous close. Several other research analysts have also recently issued reports on FANG.
Wolfe Research initiated coverage on Diamondback Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler decreased their price objective on shares of Diamondback Energy from $249.
00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Truist Financial upped their price objective on shares of Diamondback Energy from $249.
00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. KeyCorp started coverage on shares of Diamondback Energy in a report on Thursday, June 27th.
They set an “overweight” rating and a $225.00 target price for the company. Finally, StockNews.
com lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.
86. View Our Latest Stock Report on Diamondback Energy Diamondback Energy Stock Up 2.8 % Diamondback Energy ( NASDAQ:FANG – Get Free Report ) last announced its quarterly earnings data on Monday, August 5th.
The oil and natural gas company reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.
01. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.
19 billion. Diamondback Energy had a net margin of 37.51% and a return on equity of 19.
54%. The business’s quarterly revenue was up 29.4% compared to the same quarter last year.
During the same period in the previous year, the company earned $3.68 earnings per share. Analysts anticipate that Diamondback Energy will post 19.
08 EPS for the current year. Institutional Trading of Diamondback Energy Several institutional investors have recently modified their holdings of FANG. Founders Capital Management lifted its stake in Diamondback Energy by 404.
0% in the 1st quarter. Founders Capital Management now owns 126 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. First Community Trust NA acquired a new position in shares of Diamondback Energy during the second quarter valued at approximately $26,000.
Carolinas Wealth Consulting LLC lifted its position in shares of Diamondback Energy by 67.1% in the second quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter.
Logan Capital Management Inc. acquired a new stake in shares of Diamondback Energy in the fourth quarter worth approximately $31,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Diamondback Energy during the second quarter worth approximately $40,000.
Institutional investors and hedge funds own 90.01% of the company’s stock. About Diamondback Energy ( 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. Further Reading 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 .
.
