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

October 13, 2017 - By Adrian Mccoy

 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 Q2 2017. Its down -0.05, from 1.26 in 2017Q1. The ratio has worsened, as 182 institutional investors increased and opened new equity positions, while 151 sold and decreased holdings in Diamondback Energy Inc. The institutional investors in our partner’s database now possess: 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 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 $112.69M 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. Deutsche Bank initiated Diamondback Energy Inc (NASDAQ:FANG) on Wednesday, December 2 with “Buy” rating. The stock of Diamondback Energy Inc (NASDAQ:FANG) earned “Hold” rating by Williams Capital Group on Wednesday, August 2. Canaccord Genuity downgraded Diamondback Energy Inc (NASDAQ:FANG) on Thursday, February 18 to “Buy” rating. The stock of Diamondback Energy Inc (NASDAQ:FANG) has “Sector Perform” rating given on Monday, August 17 by Iberia Capital Partners. SunTrust maintained Diamondback Energy Inc (NASDAQ:FANG) rating on Thursday, August 4. SunTrust has “Buy” rating and $115 target. The company was initiated on Wednesday, February 3 by GMP Securities. The rating was maintained by Howard Weil on Wednesday, January 13 with “Sector Outperform”. On Monday, August 21 the stock rating was maintained by Northland Capital with “Buy”. Stephens downgraded the stock to “Equal-Weight” rating in Monday, March 28 report. On Friday, September 1 the stock rating was maintained by Stifel Nicolaus with “Buy”.

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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