Diamondback Energy Inc Could Rise a Lot According to The Today’s Call Option Activity

 Diamondback Energy Inc Could Rise a Lot According to The Today's Call Option Activity

In today’s session Diamondback Energy Inc (FANG) registered an unusually high (821) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious FANG increase. With 821 contracts traded and 3964 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: FANG161021C00105000 closed last at: $0.4 or 73.3% down. About 260,199 shares traded hands. Diamondback Energy Inc (NASDAQ:FANG) has risen 30.51% since March 15, 2016 and is uptrending. It has outperformed by 25.03% the S&P500.

Analysts await Diamondback Energy Inc (NASDAQ:FANG) to report earnings on November, 1. They expect $0.33 EPS, down 17.50% or $0.07 from last year’s $0.4 per share. FANG’s profit will be $25.64 million for 75.86 P/E if the $0.33 EPS becomes a reality. After $0.26 actual EPS reported by Diamondback Energy Inc for the previous quarter, Wall Street now forecasts 26.92% EPS growth.

Diamondback Energy Inc (NASDAQ:FANG) Ratings Coverage

Out of 30 analysts covering Diamondback Energy (NASDAQ:FANG), 25 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 83% are positive. $139 is the highest target while $65 is the lowest. The $96.04 average target is -4.09% below today’s ($100.14) stock price. Diamondback Energy has been the topic of 60 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital initiated the shares of FANG in a report on Tuesday, September 8 with “Equal-Weight” rating. The firm has “Equalweight” rating given on Thursday, July 14 by Barclays Capital. Deutsche Bank maintained it with “Buy” rating and $112 target price in Wednesday, August 10 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9. JP Morgan maintained it with “Overweight” rating and $86 target price in Tuesday, March 15 report. The rating was maintained by Wunderlich with “Buy” on Thursday, January 14. The stock has “Overweight” rating given by Morgan Stanley on Thursday, July 14. The firm has “Sector Outperform” rating by Howard Weil given on Wednesday, January 13. The company was maintained on Thursday, August 4 by SunTrust. The rating was maintained by TH Capital with “Buy” on Tuesday, November 17.

According to Zacks Investment Research, “Diamondback Energy, Inc. is an oil and natural gas company 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’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. Diamondback Energy, Inc. is headquartered in Midland, Texas.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.41, from 1.44 in 2016Q1. The ratio fall, as 35 funds sold all Diamondback Energy Inc shares owned while 104 reduced positions. 49 funds bought stakes while 94 increased positions. They now own 75.97 million shares or 2.70% less from 78.08 million shares in 2016Q1.
Lombard Odier Asset (Europe) Limited holds 10,662 shares or 0.05% of its portfolio. Nationwide Fund Advsrs last reported 241,911 shares in the company. Parkside National Bank & owns 19 shares or 0% of their US portfolio. Gam Holding Ag last reported 38,650 shares in the company. Rs Invest Mngmt Ltd Liability Corp reported 366,158 shares or 0.34% of all its holdings. Nippon Life Glob Investors Americas last reported 0.04% of its portfolio in the stock. Castleark Management Ltd Liability Company accumulated 73,752 shares or 0.21% of the stock. Guggenheim Cap Ltd Com has 0.01% invested in the company for 22,392 shares. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 62,409 shares. Gabelli Funds Ltd Co holds 248,500 shares or 0.13% of its portfolio. Huntington Fincl Bank, a Ohio-based fund reported 427 shares. Brenham L P, a Texas-based fund reported 1.25M shares. Glg Limited Company owns 538 shares or 0% of their US portfolio. Td Asset Management last reported 0% of its portfolio in the stock. Summit Ltd Co accumulated 3,292 shares or 0.16% of the stock.

Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 20 insider sales for $8.79 million net activity. $180,784 worth of Diamondback Energy Inc (NASDAQ:FANG) was sold by Hollis Michael L.. Pantermuehl Russell sold $182,660 worth of stock. Moses Elizabeth sold $177,315 worth of stock. Shares for $95,708 were sold by Dick Teresa L. on Monday, August 15. Another trade for 4,665 shares valued at $408,235 was sold by Molnar Paul. The insider Stice Travis D. sold 30,000 shares worth $2.94 million.

Diamondback Energy, Inc. is an independent oil and natural gas company. The company has a market cap of $7.78 billion. The Firm is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. It currently has negative earnings. The Company’s total net acreage position in the Permian Basin is approximately 84,680 net acres.

FANG Company Profile

Diamondback Energy, Inc., incorporated on December 30, 2011, is an independent oil and natural gas company. The Firm 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’s total net acreage position in the Permian Basin is approximately 84,680 net acres. The Company, through its subsidiary Viper Energy Partners LP (Viper), owns mineral interests underlying approximately 46,560 gross (17,060 net) acres primarily in Midland County, Texas in the Permian Basin. Approximately 60% of these net acres are operated by the Company. It has drilled or participated in the drilling 490 gross wells on its leasehold acreage in Permian Basin area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico.

More recent Diamondback Energy Inc (NASDAQ:FANG) news were published by: Marketwatch.com which released: “Diamondback Energy rockets to record high after company scraps acquisition talks” on October 10, 2016. Also Marketwatch.com published the news titled: “Diamondback Energy nears deal to buy Silver Hill Energy Partners” on September 30, 2016. Zacks.com‘s news article titled: “Diamondback Energy Raises Production Guidance for 2016” with publication date: October 13, 2016 was also an interesting one.

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