Diamondback Energy (NASDAQ:FANG) Target Raised by UBS Group AG to $86.00

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Diamondback Energy stock has undergone multiple analysts rating changes in the recent past.  Diamondback Energy stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $86.00. The analysts previously had $47.00 target price. UBS Group AG’s price target would indicate a potential upside of 111.98% from the stock’s previous close.

Shares of Diamondback Energy traded up $0.30 on Monday, reaching $41.43. 2133071 shares of the stock traded hands, compared to its average volume of 2917931. Shares of were trading at $41.43 on Monday. The firm’s 50 day moving average is $43.05 and its 200 day moving average is 64.51.Diamondback Energy  has a 12 month low of $39.92 and a 12 month high of $111.84. While on yearly highs and lows, Diamondback Energy today has traded high as $41.89 and has touched $39.92 on the downward trend.

Diamondback Energy Earnings and What to expect: 

Diamondback Energy last posted its quarterly earnings results on May 4th, 2020. The oil and natural gas company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.29 by $0.16. The business had revenue of $899 million for the quarter, compared to the consensus estimate of $968.57 million. Its quarterly revenue was up 4.1% compared to the same quarter last year. Diamondback Energy has generated $6.93 earnings per share over the last year. Diamondback Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Diamondback Energy are expected to decrease by -14.11% in the coming year, from $2.41 to $2.07 per share. The P/E ratio of Diamondback Energy is -106.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Diamondback Energy is -106.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Diamondback Energy has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued. Diamondback Energy has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.52%
  • On 6/19/2020 CFO Hof Matthew Kaes Van’t Buy 1,800 at average share price of $46.92 which equates to $84,456.00 in money value.
  • On 3/19/2020 CFO Hof Matthew Kaes Van’t Buy 4,750 at average price of  $17.23 with total value of : Not Data Available
  • On 3/10/2020 CEO Travis D Stice Buy 17,146 at average price of  $28.40 with total value of : $486,946.40
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Diamondback Energy

  • 6/29/2020 – Diamondback Energy was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $45.00 price target on the stock. ()
  • 6/27/2020 – Diamondback Energy was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. ()
  • 6/25/2020 – Diamondback Energy had its price target raised by analysts at Wells Fargo & Co from $52.00 to $54.00. They now have an “overweight” rating on the stock. ()
  • 6/25/2020 – Diamondback Energy was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock, up previously from $45.00. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Continental Resources had its price target raised by analysts at UBS Group AG from $7.00 to $16.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $50.00 to $62.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Diamondback Energy (NASDAQ:FANG) Moving Average Technical Analysis

5 day Moving Average is $42.92 And 5 day price change is -4.45 (-9.66%)  with average volume for 5 day average is 3,102,801. While technical analysis for average 20 days shows significant difference, 20 day moving average is  47.35 and 20 day price change is -2.09 (-4.79%) and average 20 day moving volume is 3,063,300. 50 day moving average is 43.05  and 50 day price change is 10.12 ( 0.321)  and with average volume for 50 days is : 3,282,950. 200 day moving average is 64.51  and 200 day price change is -54.53 (-56.70%)  and with average volume for 200 days is : 3,223,549.

See More Analyst Rating at: RATING