Diamondback Energy (FANG) Earns News Sentiment Rating of 0.17

News articles about Diamondback Energy (NASDAQ:FANG) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Diamondback Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the oil and natural gas company an impact score of 45.6056111817771 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several equities analysts have commented on the company. BidaskClub upgraded Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday. Barclays restated a “buy” rating and issued a $138.00 price objective on shares of Diamondback Energy in a research note on Sunday. KeyCorp restated an “overweight” rating and issued a $125.00 price objective (up previously from $117.00) on shares of Diamondback Energy in a research note on Tuesday, November 7th. SunTrust Banks restated a “buy” rating and issued a $130.00 price objective on shares of Diamondback Energy in a research note on Friday, November 10th. Finally, Imperial Capital raised their price objective on shares of Diamondback Energy from $113.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Diamondback Energy has a consensus rating of “Buy” and a consensus price target of $124.58.

Shares of Diamondback Energy (NASDAQ:FANG) traded up $1.27 during midday trading on Friday, hitting $124.37. The company’s stock had a trading volume of 1,516,114 shares, compared to its average volume of 991,509. The company has a market capitalization of $12,330.00, a PE ratio of 30.11, a PEG ratio of 0.88 and a beta of 1.09. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $125.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.31. The company had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business’s revenue was up 112.0% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share. equities analysts forecast that Diamondback Energy will post 5.06 EPS for the current year.

In other Diamondback Energy news, CFO Teresa L. Dick sold 1,000 shares of Diamondback Energy stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $112.13, for a total transaction of $112,130.00. Following the completion of the transaction, the chief financial officer now directly owns 30,760 shares of the company’s stock, valued at $3,449,118.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Teresa L. Dick sold 5,000 shares of Diamondback Energy stock in a transaction on Friday, November 10th. The shares were sold at an average price of $111.79, for a total value of $558,950.00. Following the transaction, the chief financial officer now directly owns 31,760 shares of the company’s stock, valued at $3,550,450.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,400 shares of company stock valued at $3,836,210. Company insiders own 0.41% of the company’s stock.

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Diamondback Energy Company Profile

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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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