Diamondback Energy, Inc. (NASDAQ:FANG) registered a -3.92% decrease, still its new closing price is 60.76% up from the company’s 1 year high of 113.23.It posted 0.30% gains in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 32 stock analysts following this company have an average price target at $125.67, with individual PT in the $110.00-$155.00 range. The shares moved at $102.50, implying that brokerage firms see shares gaining about 35.67% in twelve months time.
Diamondback Energy, Inc. (FANG) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 1.42% rise year to date. A VP Reservoir Engineering at Diamondback Energy, Inc. (FANG) offloaded shares in a transaction closed on Thursday December 01, 2016. Pantermuehl Russell sold 4,000 shares in the company at $107.84 each and collected $431,000 in proceeds. Pantermuehl Russell now owns 63,514 shares in the company after this transaction. A CFO, Sr. VP in the company, Dick Teresa L., disclosed a transaction on Thursday December 01, 2016 that ended up generating $279,001 from the sale of 2,500 shares at $111.9 per share.
Diamondback Energy, Inc. (NASDAQ:FANG) Upcoming Results on Tap
Diamondback Energy, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.71 in that period. Sales during the quarter are predicted to arrive at $205.96 million.
Earnings surprise history: Last quarter, the company posted approximately $142.13 million in revenue and EPS of $0.54. The mean forecast was for $142.58 million and $0.34 a share, respectively. One quarter earlier, revenue for the stock was at $112.48 million, with earnings at $0.26/share.
Diamondback Energy, Inc. (FANG) Brokerage Update
Diamondback Energy, Inc. (FANG) is in ROTH Capital’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by ROTH Capital, according to news reported on Monday August 08, 2016.Another important research note was issued by Canaccord Genuity on Thursday February 18, 2016.The firm downgraded FANG to Hold from Buy. Over the last six months and over the last three months, the shares of Diamondback Energy, Inc. (FANG), have changed 16.76% and 5.91%, respectively.