Diamondback Energy Inc (NASDAQ:FANG) had its target price lowered by Barclays from $72.00 to $66.00 in a research report sent to investors on Thursday morning, Market Beat reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the stock. KLR Group lowered their price objective on shares of Diamondback Energy from $105.00 to $99.00 in a research report on Thursday, October 15th. Evercore ISI initiated coverage on shares of Diamondback Energy in a research report on Friday, October 2nd. They issued a buy rating and a $86.00 price objective for the company. Canaccord Genuity initiated coverage on shares of Diamondback Energy in a research report on Monday, October 19th. They issued a buy rating and a $86.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Diamondback Energy in a research report on Wednesday, December 9th. They issued an overweight rating and a $94.00 price objective for the company. Finally, Topeka Capital Markets lowered their price objective on shares of Diamondback Energy from $92.00 to $88.00 and set a buy rating for the company in a research report on Tuesday, October 6th. Four analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $86.38.

Diamondback Energy (NASDAQ:FANG) opened at 72.79 on Thursday. Diamondback Energy has a 52-week low of $55.48 and a 52-week high of $85.82. The firm’s 50-day moving average is $66.01 and its 200 day moving average is $70.13. The firm’s market capitalization is $4.86 billion.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, November 3rd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.32 by $0.08. During the same quarter in the previous year, the firm posted $0.61 EPS. The business had revenue of $111.90 million for the quarter, compared to the consensus estimate of $128.72 million. The business’s revenue was down 19.6% on a year-over-year basis. Equities analysts anticipate that Diamondback Energy will post $1.64 EPS for the current year.

In other news, CFO Teresa L. Dick sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $80.00, for a total transaction of $112,000.00. Following the transaction, the chief financial officer now directly owns 21,579 shares of the company’s stock, valued at $1,726,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael L. Hollis sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $77.41, for a total transaction of $387,050.00. Following the transaction, the chief operating officer now directly owns 35,919 shares in the company, valued at $2,780,489.79. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Neuberger Berman Group LLC boosted its position in shares of Diamondback Energy by 8,282.9% in the fourth quarter. Neuberger Berman Group LLC now owns 393,995 shares of the company’s stock valued at $26,358,000 after buying an additional 389,295 shares in the last quarter. Russell Frank Co boosted its position in shares of Diamondback Energy by 7.7% in the fourth quarter. Russell Frank Co now owns 78,245 shares of the company’s stock valued at $5,167,000 after buying an additional 5,583 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Diamondback Energy by 3.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 55,939 shares of the company’s stock valued at $3,742,000 after buying an additional 2,059 shares in the last quarter. Alta Advisers Ltd boosted its position in shares of Diamondback Energy by 15.9% in the fourth quarter. Alta Advisers Ltd now owns 39,439 shares of the company’s stock valued at $2,638,000 after buying an additional 5,405 shares in the last quarter. Finally, Janus Capital Management acquired a new position in shares of Diamondback Energy during the third quarter valued at approximately $2,112,000.

Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company, through its subsidiary Viper, owns mineral interests underlying approximately 24,528 gross (NASDAQ:FANG) acres in Midland County Texas in the Permian Basin. Approximately 43% of these net acres are operated by the Company. As of December 31, 2014, it had drilled or participated in the drilling of 405 gross (343 net) wells on its leasehold acreage in this area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it refers to collectively as the Wolfberry play.

12 Month Chart for NASDAQ:FANG

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