Somewhat Favorable News Coverage Somewhat Unlikely to Affect Diamondback Energy (FANG) Stock Price

News coverage about Diamondback Energy (NASDAQ:FANG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamondback Energy earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 49.2043800025726 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research firms have recently commented on FANG. Williams Capital restated a “hold” rating and set a $134.00 price target on shares of Diamondback Energy in a research report on Wednesday, May 9th. JPMorgan Chase raised their price target on Diamondback Energy from $155.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 1st. ValuEngine upgraded Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Stifel Nicolaus set a $167.00 price target on Diamondback Energy and gave the stock a “buy” rating in a research report on Monday, April 23rd. Finally, KeyCorp raised their price target on Diamondback Energy from $137.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $142.04.

Shares of Diamondback Energy traded down $1.68, hitting $134.58, during mid-day trading on Friday, according to MarketBeat Ratings. The company had a trading volume of 1,210,577 shares, compared to its average volume of 1,569,450. The stock has a market cap of $13.03 billion, a P/E ratio of 25.39, a PEG ratio of 0.71 and a beta of 0.84. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.30. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $137.83.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, May 8th. The oil and natural gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. The business had revenue of $480.20 million for the quarter, compared to analysts’ expectations of $445.78 million. Diamondback Energy had a return on equity of 10.53% and a net margin of 35.09%. The company’s revenue for the quarter was up 104.1% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. equities analysts forecast that Diamondback Energy will post 6.72 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 21st will be paid a $0.125 dividend. The ex-dividend date is Friday, May 18th.

In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $130.97, for a total value of $327,425.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Randall J. Holder sold 7,120 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $124.15, for a total value of $883,948.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,620 shares of company stock worth $1,567,773. 0.41% of the stock is owned by insiders.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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

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