Diamondback Energy (NASDAQ:FANG) Given New $216.00 Price Target at UBS Group

Diamondback Energy (NASDAQ:FANG) had its price target upped by UBS Group from $212.00 to $216.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the oil and natural gas company’s stock.

Other equities analysts also recently issued research reports about the stock. Raymond James upped their price objective on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Friday, January 3rd. KeyCorp decreased their target price on shares of Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Truist Financial boosted their target price on shares of Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.17.

Diamondback Energy Trading Up 0.5 %

NASDAQ FANG opened at $156.17 on Thursday. The firm has a market cap of $45.60 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Diamondback Energy has a 52 week low of $152.00 and a 52 week high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $166.67 and a 200 day moving average price of $178.46.

Institutional Investors Weigh In On Diamondback Energy

A number of large investors have recently made changes to their positions in the stock. Wintrust Investments LLC acquired a new position in shares of Diamondback Energy during the 4th quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of Diamondback Energy during the 4th quarter worth approximately $29,000. UMB Bank n.a. increased its stake in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 136 shares during the last quarter. Key Financial Inc raised its position in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 188 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in Diamondback Energy in the 3rd quarter valued at about $42,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.