The Exec. VP Reservoir Engineering of Diamondback (NASDAQ: FANG) is Selling Shares

By Carrie Williams

Yesterday, the Exec. VP Reservoir Engineering of Diamondback (NASDAQ: FANG), Russell Pantermuehl, sold shares of FANG for $438.2K.

Following Russell Pantermuehl’s last FANG Sell transaction on September 21, 2017, the stock climbed by 13.6%.

Based on Diamondback’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $301 million and quarterly net profit of $73.02 million. In comparison, last year the company earned revenue of $142 million and had a GAAP net loss of $2.23 million. The company has a one-year high of $114.93 and a one-year low of $82.77. FANG’s market cap is $10.89B and the company has a P/E ratio of 26.87.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $120.83, reflecting a -8.2% downside.

The insider sentiment on Diamondback has been negative according to 40 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. operates as oil and natural gas company. It engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil, and natural gas reserves. The company was founded in December 2007 and is headquartered in Midland, TX.