Is Diamondback Energy Inc (NASDAQ:FANG) Going to Burn These Institutional Investors?

October 13, 2017 - By wolcottdaily

 Is Diamondback Energy Inc (NASDAQ:FANG) Going to Burn These Institutional Investors?

Sentiment for Diamondback Energy Inc (NASDAQ:FANG)

Diamondback Energy Inc (NASDAQ:FANG) institutional sentiment decreased to 1.21 in 2017 Q2. Its down -0.05, from 1.26 in 2017Q1. The ratio fall, as 182 investment professionals opened new or increased holdings, while 151 trimmed and sold equity positions in Diamondback Energy Inc. The investment professionals in our partner’s database reported: 98.54 million shares, up from 93.43 million shares in 2017Q1. Also, the number of investment professionals holding Diamondback Energy Inc in their top 10 holdings decreased from 10 to 9 for a decrease of 1. Sold All: 49 Reduced: 102 Increased: 139 New Position: 43.

Diamondback Energy, Inc. is an independent oil and natural gas company. The company has market cap of $9.95 billion. The Firm focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. It has a 30.17 P/E ratio. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

About 834,600 shares traded. Diamondback Energy Inc (NASDAQ:FANG) has risen 18.62% since October 13, 2016 and is uptrending. It has outperformed by 1.92% the S&P500.

Wall Street await Diamondback Energy Inc (NASDAQ:FANG) to release earnings on November, 6. Analysts forecast EPS of $1.15, up exactly $0.61 or 112.96 % from 2014’s $0.54 EPS. The expected FANG’s profit could reach $112.69 million giving the stock 22.07 P/E in the case that $1.15 earnings per share is reported. After posting $1.40 EPS for the previous quarter, Diamondback Energy Inc’s analysts now forecast -17.86 % negative EPS growth.

Brenham Capital Management L.P. holds 18.59% of its portfolio in Diamondback Energy Inc for 1.15 million shares. Warburg Pincus Llc owns 6.53 million shares or 9.11% of their US portfolio. Moreover, Cambrian Capital Limited Partnership has 5.89% invested in the company for 58,755 shares. The New York-based Arosa Capital Management Lp has invested 4.6% in the stock. Scholtz & Company Llc, a Connecticut-based fund reported 44,822 shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 1 insider sale for $146,746 activity.

Diamondback Energy Inc (NASDAQ:FANG) Ratings Coverage

Ratings analysis reveals 86% of Diamondback Energy’s analysts are positive. Out of 35 Wall Street analysts rating Diamondback Energy, 30 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $65 while the high is $139. The stock’s average target of $102.32 is 0.77% above today’s ($101.54) share price. FANG was included in 83 notes of analysts from July 21, 2015. Howard Weil maintained the stock with “Sector Outperform” rating in Wednesday, January 13 report. The stock of Diamondback Energy Inc (NASDAQ:FANG) has “Buy” rating given on Tuesday, November 17 by Roth Capital. The rating was maintained by Williams Capital Group on Monday, October 10 with “Hold”. The firm has “Buy” rating given on Tuesday, August 1 by BMO Capital Markets. The stock of Diamondback Energy Inc (NASDAQ:FANG) earned “Buy” rating by Deutsche Bank on Wednesday, August 10. The rating was maintained by BMO Capital Markets on Tuesday, October 10 with “Buy”. The stock of Diamondback Energy Inc (NASDAQ:FANG) earned “Buy” rating by Topeka Capital Markets on Tuesday, October 6. Northland Capital maintained the shares of FANG in report on Friday, August 7 with “Outperform” rating. The stock has “Outperform” rating by Cowen & Co on Thursday, January 14. The firm has “Outperform” rating given on Friday, January 29 by BMO Capital Markets.

Another recent and important Diamondback Energy Inc (NASDAQ:FANG) news was published by Nasdaq.com which published an article titled: “Diamondback Energy Breaks Above 200-Day Moving Average – Bullish for FANG” on September 28, 2017.

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