2017 Q2 Sentiment Diamondback Energy Inc (NASDAQ:FANG)

October 13, 2017 - By Hazel Jackson

  2017 Q2 Sentiment Diamondback Energy Inc (NASDAQ:FANG)

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 turned negative, as 182 funds started new and increased equity positions, while 151 cut down and sold their stakes in Diamondback Energy Inc. The funds in our partner’s database now have: 98.54 million shares, up from 93.43 million shares in 2017Q1. Also, the number of funds holding Diamondback Energy Inc in their top 10 equity positions 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 buying transaction, 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. The firm has “Equal-Weight” rating given on Wednesday, October 11 by Barclays Capital. Iberia Capital Partners initiated the stock with “Outperform” rating in Friday, January 29 report. The stock of Diamondback Energy Inc (NASDAQ:FANG) earned “Buy” rating by Stifel Nicolaus on Thursday, July 13. KLR Group maintained it with “Buy” rating and $139 target in Tuesday, October 11 report. The rating was initiated by Euro Pacific Capital on Wednesday, September 9 with “Buy”. On Wednesday, July 19 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, September 1. Williams Capital Group maintained Diamondback Energy Inc (NASDAQ:FANG) rating on Wednesday, August 2. Williams Capital Group has “Hold” rating and $11400 target. The stock of Diamondback Energy Inc (NASDAQ:FANG) has “Buy” rating given on Thursday, December 3 by Nomura. The firm has “Buy” rating given on Wednesday, February 3 by GMP Securities.

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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