Today Barclays Capital Keeps a “Equal Weight” Rating on Diamondback Energy (NDAQ:FANG) and a $121.00 Target Price

October 12, 2017 - By Richard Conner

 Today Barclays Capital Keeps a

Investors sentiment decreased to 1.21 in 2017 Q2. Its down 0.05, from 1.26 in 2017Q1. It dropped, as 49 investors sold Diamondback Energy Inc shares while 102 reduced holdings. 43 funds opened positions while 139 raised stakes. 98.54 million shares or 5.47% more from 93.43 million shares in 2017Q1 were reported.

Finance Architects has 3,456 shares for 0.06% of their portfolio. Panagora Asset accumulated 1,510 shares. Icon Advisers reported 262,701 shares. Eagle Asset Mgmt holds 944,966 shares or 0.51% of its portfolio. Corecommodity Management Limited Liability Company holds 0.77% in Diamondback Energy Inc (NASDAQ:FANG) or 8,992 shares. Cornerstone Advsr has invested 0.02% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG). The Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in Diamondback Energy Inc (NASDAQ:FANG). Tricadia Cap Mngmt Llc stated it has 8,190 shares or 0.26% of all its holdings. Advisory Svcs Limited Liability Corp holds 0% or 405 shares. Contravisory Inv Management Inc holds 1.67% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG) for 52,137 shares. Bnp Paribas Arbitrage holds 54,054 shares. Kames Cap Plc has 0% invested in Diamondback Energy Inc (NASDAQ:FANG). Moreover, Comerica Bancorp has 0.01% invested in Diamondback Energy Inc (NASDAQ:FANG) for 12,927 shares. Clarivest Asset Limited Liability Corporation invested in 0% or 10 shares. Css Limited Liability Corporation Il has invested 0.02% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG).

Since May 17, 2017, it had 1 buying transaction, and 1 insider sale for $146,746 activity. Plaumann Mark Lawrence sold $101,524 worth of stock or 1,000 shares.

Diamondback Energy (NDAQ:FANG) Rating Reaffirmed

Barclays Capital now has a $121.00 TP on the $9.91 billion market cap company or 19.49 % upside potential. In analysts report published on Wednesday morning, Diamondback Energy (NDAQ:FANG) shares have had their “Equal Weight” Rating restate by expert analysts at Barclays Capital.

Investors sentiment decreased to 1.21 in 2017 Q2. Its down 0.05, from 1.26 in 2017Q1. It dropped, as 49 investors sold Diamondback Energy Inc shares while 102 reduced holdings. 43 funds opened positions while 139 raised stakes. 98.54 million shares or 5.47% more from 93.43 million shares in 2017Q1 were reported.

Finance Architects has 3,456 shares for 0.06% of their portfolio. Panagora Asset accumulated 1,510 shares. Icon Advisers reported 262,701 shares. Eagle Asset Mgmt holds 944,966 shares or 0.51% of its portfolio. Corecommodity Management Limited Liability Company holds 0.77% in Diamondback Energy Inc (NASDAQ:FANG) or 8,992 shares. Cornerstone Advsr has invested 0.02% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG). The Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in Diamondback Energy Inc (NASDAQ:FANG). Tricadia Cap Mngmt Llc stated it has 8,190 shares or 0.26% of all its holdings. Advisory Svcs Limited Liability Corp holds 0% or 405 shares. Contravisory Inv Management Inc holds 1.67% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG) for 52,137 shares. Bnp Paribas Arbitrage holds 54,054 shares. Kames Cap Plc has 0% invested in Diamondback Energy Inc (NASDAQ:FANG). Moreover, Comerica Bancorp has 0.01% invested in Diamondback Energy Inc (NASDAQ:FANG) for 12,927 shares. Clarivest Asset Limited Liability Corporation invested in 0% or 10 shares. Css Limited Liability Corporation Il has invested 0.02% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG).

Since May 17, 2017, it had 1 buying transaction, and 1 insider sale for $146,746 activity. Plaumann Mark Lawrence sold $101,524 worth of stock or 1,000 shares.

Diamondback Energy Inc (NASDAQ:FANG) Ratings Coverage

Among 4 analysts covering Diamondback Energy (NDAQ:FANG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Diamondback Energy has $123 highest and $114 lowest target. $119.33’s average target is 18.14% above currents $101.01 stock price. Diamondback Energy had 5 analyst reports since March 23, 2017 according to SRatingsIntel. As per Friday, May 5, the company rating was maintained by Scotia Capital. The rating was reinitiated by Piper Jaffray with “Overweight” on Thursday, May 25. The firm earned “Neutral” rating on Thursday, March 23 by UBS. On Thursday, April 13 the stock rating was initiated by Stifel Nicolaus with “Buy”. The rating was maintained by Stifel Nicolaus on Monday, May 29 with “Buy”.

About 203,227 shares traded. Diamondback Energy Inc (NDAQ:FANG) has risen 18.62% since October 12, 2016 and is uptrending. It has outperformed by 1.92% the S&P500.

Analysts expect Diamondback Energy Inc (NASDAQ:FANG) to report $1.15 EPS on November, 6.They anticipate $0.61 EPS change or 112.96 % from last quarter’s $0.54 EPS. FANG’s profit would be $112.81M giving it 21.96 P/E if the $1.15 EPS is correct. After having $1.40 EPS previously, Diamondback Energy Inc’s analysts see -17.86 % EPS growth.

Diamondback Energy, Inc. is an independent oil and natural gas company. The company has market cap of $9.91 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 30.06 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.

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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