Diamondback Energy (NASDAQ:FANG) Price Target Raised to $255.00 at Raymond James Financial

Diamondback Energy (NASDAQ:FANG) had its target price boosted by stock analysts at Raymond James Financial from $248.00 to $255.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James Financial’s price objective indicates a potential upside of 31.77% from the company’s current price.

FANG has been the subject of several other reports. Wells Fargo & Company upped their price objective on shares of Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Susquehanna lifted their target price on shares of Diamondback Energy from $245.00 to $255.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Sunday. Wolfe Research reiterated an “outperform” rating and set a $206.00 price target on shares of Diamondback Energy in a research report on Tuesday, August 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $216.00 price target on shares of Diamondback Energy in a research note on Wednesday, August 19th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $224.90.

Diamondback Energy Trading Down 0.5%

Shares of FANG traded down $1.01 during mid-day trading on Thursday, hitting $193.53. 1,035,562 shares of the company’s stock traded hands, compared to its average volume of 2,607,748. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. Diamondback Energy has a 1 year low of $136.13 and a 1 year high of $216.90. The firm has a market capitalization of $54.19 billion, a P/E ratio of 37.64 and a beta of 0.43. The business’s 50-day moving average price is $199.21 and its 200-day moving average price is $193.61.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 earnings per share. As a group, sell-side analysts forecast that Diamondback Energy will post 19.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Travis Stice sold 75,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the completion of the transaction, the director directly owned 49,727 shares in the company, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $198.41, for a total value of $6,613,600.53. Following the completion of the sale, the director directly owned 818,197 shares in the company, valued at approximately $162,338,466.77. This represents a 3.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Diamondback Energy

Hedge funds have recently added to or reduced their stakes in the stock. Talon Private Wealth LLC grew its position in Diamondback Energy by 19.8% during the 2nd quarter. Talon Private Wealth LLC now owns 12,075 shares of the oil and natural gas company’s stock valued at $2,122,000 after purchasing an additional 1,993 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Diamondback Energy by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 150,826 shares of the oil and natural gas company’s stock worth $26,512,000 after buying an additional 4,686 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Diamondback Energy by 3.5% in the second quarter. Sequoia Financial Advisors LLC now owns 7,686 shares of the oil and natural gas company’s stock worth $1,351,000 after buying an additional 259 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Diamondback Energy by 11.6% in the second quarter. MCF Advisors LLC now owns 1,987 shares of the oil and natural gas company’s stock worth $349,000 after buying an additional 207 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Diamondback Energy by 43.3% in the second quarter. Allworth Financial LP now owns 11,812 shares of the oil and natural gas company’s stock worth $2,076,000 after buying an additional 3,568 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Trending Headlines about Diamondback Energy

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: UBS reiterated a Buy view on Diamondback, supporting the case that the company’s Permian Basin assets and production efficiency remain attractive. Diamondback Receives a Buy from UBS
• Positive Sentiment: Recent coverage continued to highlight FANG as a growth-oriented energy stock, while its latest reported quarter showed earnings and revenue above consensus estimates and substantial year-over-year revenue growth. Why Diamondback Energy Is a Strong Growth Stock
• Neutral Sentiment: The stock had recently outperformed, gaining in the prior session even as the broader market declined, which may have left it vulnerable to profit-taking and sector rotation. Diamondback Energy Gains as Market Dips
• Negative Sentiment: Crude benchmarks pulled back after a strong rally, pressuring oil and gas producers. Brent crude declined as investors assessed Middle East supply risks and awaited the Federal Reserve’s policy decision; weaker oil prices can reduce expected cash flow and profitability for producers such as FANG. Diamondback Leads Broad Energy Stock Losses
• Negative Sentiment: A reported approximately $1.9 billion stock sale by an oil heiress intensified selling pressure. The transaction raises concerns about near-term share supply and investor sentiment, even if it does not change Diamondback’s underlying operations. Oil Heiress’s Stock Sale Sinks Diamondback Shares
• Negative Sentiment: FANG’s decline occurred alongside broad selling in energy equities as investors repositioned ahead of the Fed decision and bond yields steadied, suggesting the move reflects both commodity-specific and macroeconomic pressure. Diamondback Energy Retreats as Crude Prices Pull Back

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas and southeastern New Mexico. The company’s operations are concentrated primarily in the Midland and Delaware sub-basins.

Diamondback produces crude oil, natural gas and natural gas liquids. Its activities include drilling and completing horizontal wells, operating gathering and infrastructure assets, and managing mineral and royalty interests through its Viper Energy platform.