Diamondback Energy Inc (NASDAQ:FANG): Institutional Investor Sentiment Up to 1.21

October 13, 2017 - By Kurt Siggers

 Diamondback Energy Inc (NASDAQ:FANG): Institutional Investor Sentiment Up to 1.21

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 fall, as 182 institutional investors started new and increased positions, while 151 cut down and sold stakes in Diamondback Energy Inc. The institutional investors in our partner’s database now have: 98.54 million shares, up from 93.43 million shares in 2017Q1. Also, the number of institutional investors holding Diamondback Energy Inc in their top 10 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 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. Barclays Capital maintained Diamondback Energy Inc (NASDAQ:FANG) on Thursday, July 14 with “Equalweight” rating. Barclays Capital maintained it with “Equal-Weight” rating and $121 target in Wednesday, October 11 report. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 5 with “Buy”. The rating was initiated by Canaccord Genuity with “Buy” on Tuesday, October 20. BMO Capital Markets maintained it with “Buy” rating and $11000 target in Friday, August 11 report. Cowen & Co upgraded Diamondback Energy Inc (NASDAQ:FANG) on Thursday, January 14 to “Outperform” rating. The stock of Diamondback Energy Inc (NASDAQ:FANG) earned “Buy” rating by Bank of America on Wednesday, July 13. Canaccord Genuity downgraded Diamondback Energy Inc (NASDAQ:FANG) on Thursday, February 18 to “Buy” rating. On Tuesday, October 3 the stock rating was maintained by SunTrust with “Buy”. The stock has “Overweight” rating by JP Morgan on Wednesday, December 9.

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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