Is Stephens Positive On Shares of Diamondback Energy (NASDAQ:FANG)?

Investors sentiment decreased to 0.97 in Q2 2018. Its down 0.10, from 1.07 in 2018Q1. It worsened, as 53 investors sold Diamondback Energy, Inc. shares while 126 reduced holdings. 55 funds opened positions while 118 raised stakes. 98.99 million shares or 0.15% more from 98.84 million shares in 2018Q1 were reported.

Massmutual Fsb Adv holds 0% or 41 shares. American Co Tx has invested 0.15% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Boston Private Wealth Lc owns 9,307 shares. Bp Plc accumulated 11,000 shares. Sentinel Trust Lba reported 2,342 shares. Northwestern Mutual Wealth Mngmt Com reported 851 shares stake. 24,173 were accumulated by At Bank. Central Asset Investments & Mngmt (Hk) Limited has invested 0% in Diamondback Energy, Inc. (NASDAQ:FANG). Perella Weinberg Prtn Cap Management Lp holds 0.99% or 168,860 shares in its portfolio. Sg Americas Secs owns 2,857 shares. Cap One Natl Association, New York-based fund reported 5,096 shares. 484,457 are owned by Victory Cap Mngmt. Bank & Trust Of Nova Scotia stated it has 0% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Stifel Financial has invested 0.02% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Bnp Paribas Asset Hldgs reported 4,842 shares.

Since June 20, 2018, it had 0 insider purchases, and 6 insider sales for $1.80 million activity. $106,876 worth of Diamondback Energy, Inc. (NASDAQ:FANG) was sold by Van’t Hof Matthew Kaes. 1,032 shares valued at $133,438 were sold by Pantermuehl Russell on Thursday, September 20. $638,183 worth of Diamondback Energy, Inc. (NASDAQ:FANG) was sold by Molnar Paul.

Why Has Stephens Given Diamondback Energy (NASDAQ:FANG) a $177 Price Target

Stephens analyst has begun coverage on Diamondback Energy (NASDAQ:FANG) with a $177 price target and Overweight rating. The price target means a potential upside of 73.84 % from company’s previous stock close.

Diamondback Energy, Inc. (NASDAQ:FANG) Ratings Coverage

Among 11 analysts covering Diamondback Energy (NASDAQ:FANG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Diamondback Energy has $18900 highest and $153 lowest target. $175’s average target is 71.87% above currents $101.82 stock price. Diamondback Energy had 15 analyst reports since June 19, 2018 according to SRatingsIntel. Morgan Stanley maintained Diamondback Energy, Inc. (NASDAQ:FANG) rating on Thursday, August 16. Morgan Stanley has “Overweight” rating and $164 target. The firm earned “Overweight” rating on Friday, September 28 by PiperJaffray. The firm earned “Market Perform” rating on Wednesday, August 15 by BMO Capital Markets. The stock has “Buy” rating by Williams Capital Group on Monday, August 20. Jefferies maintained it with “Buy” rating and $177 target in Tuesday, June 19 report. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) earned “Overweight” rating by Morgan Stanley on Tuesday, November 20. Morgan Stanley maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, October 12 with “Overweight” rating. Morgan Stanley maintained the shares of FANG in report on Wednesday, September 26 with “Overweight” rating. The firm has “Overweight” rating given on Thursday, July 12 by Morgan Stanley. As per Wednesday, October 24, the company rating was reinitiated by Wells Fargo.

The stock decreased 3.10% or $3.26 during the last trading session, reaching $101.82. About 5.24M shares traded or 101.89% up from the average. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 33.29% since December 7, 2017 and is uptrending. It has outperformed by 17.67% the S&P500.

Analysts await Diamondback Energy, Inc. (NASDAQ:FANG) to report earnings on February, 12. They expect $1.74 EPS, up 11.54 % or $0.18 from last year’s $1.56 per share. FANG’s profit will be $176.19M for 14.63 P/E if the $1.74 EPS becomes a reality. After $1.67 actual EPS reported by Diamondback Energy, Inc. for the previous quarter, Wall Street now forecasts 4.19 % EPS growth.

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. The company has market cap of $10.31 billion. The Company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. It has a 15.46 P/E ratio. As of December 31, 2016, the companyÂ’s net acreage position is approximately 105,894 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 205,457 thousand barrels of crude oil equivalent.

More notable recent Diamondback Energy, Inc. (NASDAQ:FANG) news were published by: Nasdaq.com which released: “Germany’s Via Optronics preps U.S. IPO – Nasdaq” on November 30, 2018, also Nasdaq.com with their article: “Ex-Dividend Reminder: Pan American Silver, Carlisle Companies and Diamondback Energy – Nasdaq” published on November 14, 2018, Nasdaq.com published: “After Hours Most Active for Nov 30, 2018 : MXIM, CSCO, FANG, SRCL, QQQ, MSFT – Nasdaq” on November 30, 2018. More interesting news about Diamondback Energy, Inc. (NASDAQ:FANG) were released by: Seekingalpha.com and their article: “Facebook Looks Undervalued On Several Metrics – Seeking Alpha” published on December 05, 2018 as well as Bizjournals.com‘s news article titled: “Energen acquisition approved by shareholders – Birmingham Business Journal” with publication date: November 27, 2018.

Diamondback Energy, Inc. (NASDAQ:FANG) Institutional Positions Chart

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