Today, the Exec. VP & Chief Engineer of Diamondback (FANG), Russell Pantermuehl, sold shares of FANG for $536.4K.
Following Russell Pantermuehl’s last FANG Sell transaction on May 22, 2019, the stock climbed by 1.1%. In addition to Russell Pantermuehl, one other FANG executive reported Sell trades in the last month.
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Based on Diamondback’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $864 million and quarterly net profit of $10 million. In comparison, last year the company earned revenue of $480 million and had a net profit of $163 million. FANG’s market cap is $18.07B and the company has a P/E ratio of 17.24. Currently, Diamondback has an average volume of 1.38M.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $152.11, reflecting a 41.3% upside.
The insider sentiment on Diamondback has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Diamondback Energy, Inc. is independent oil and natural gas company. The firm engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It focuses on the Permian Basin. The company was founded in December 2007 and is headquartered in Midland, TX.