Press coverage about Diamondback Energy (NASDAQ:FANG) has been trending positive on Friday, Alpha One reports. The research group, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamondback Energy earned a media sentiment score of 0.25 on Alpha One’s scale. Alpha One also assigned news articles about the oil and natural gas company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected AlphaOne Sentiment’s rankings:
- Stone Energy: A Crude Oil-Weighted Upstream Company (finance.yahoo.com)
- Wolfe Research Initiates Coverage on Diamondback Energy, Inc. (FANG) (americanbankingnews.com)
- Williams Capital Research Analysts Reduce Earnings Estimates for Diamondback Energy, Inc. (FANG) (americanbankingnews.com)
- Diamondback Energy INC (FANG) Stake Has Increased by Boston Partners (upbeacon.net)
- Shareholder Boston Partners Has Upped Diamondback Energy INC (FANG) Position (campdesrecrues.com)
Diamondback Energy (NASDAQ FANG) traded down 1.16% during mid-day trading on Friday, hitting $84.87. 2,395,985 shares of the stock traded hands. The company has a market cap of $8.33 billion, a P/E ratio of 1805.74 and a beta of 1.04. Diamondback Energy has a 12 month low of $82.80 and a 12 month high of $114.00. The company’s 50 day moving average is $96.97 and its 200 day moving average is $101.79.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, May 2nd. The oil and natural gas company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.43. The company had revenue of $235.23 million for the quarter, compared to the consensus estimate of $218.62 million. Diamondback Energy had a net margin of 0.62% and a return on equity of 6.51%. On average, analysts expect that Diamondback Energy will post $4.63 earnings per share for the current fiscal year.
A number of brokerages recently commented on FANG. Mizuho restated a “buy” rating and set a $124.00 price target on shares of Diamondback Energy in a research note on Thursday, February 16th. Wunderlich upped their price target on shares of Diamondback Energy from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Canaccord Genuity upped their price target on shares of Diamondback Energy to $145.00 in a research note on Thursday, February 16th. Zacks Investment Research upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Monday, February 20th. Finally, Stifel Nicolaus began coverage on shares of Diamondback Energy in a research note on Wednesday, April 12th. They set a “buy” rating and a $123.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $118.43.
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In other Diamondback Energy news, Director Steven E. West purchased 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $103.45 per share, with a total value of $248,280.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at $248,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Lawrence Plaumann sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $101.52, for a total transaction of $101,520.00. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
About Diamondback Energy
Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.
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