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MIDLAND, Texas — Frank D. Tsuru, a director at Diamondback Energy, Inc. (NASDAQ:FANG), has recently expanded his stake in the company by purchasing 2,000 shares of common stock. The transaction, which took place on February 28, 2025, was executed at an average price of $156.5099 per share, amounting to a total investment of $313,019. The purchase comes as the stock trades near its 52-week low, with InvestingPro analysis suggesting the shares are currently undervalued.
Following this acquisition, Tsuru now holds 5,730 shares of the company directly. This move reflects Tsuru’s continued confidence in Diamondback Energy, a leading player in the crude petroleum and natural gas sector, headquartered in Midland, Texas. The company, currently valued at $42.8 billion, offers a 4.49% dividend yield and trades at an attractive P/E ratio of 9.4x. According to InvestingPro, which provides comprehensive analysis and 10 additional ProTips for this stock, analysts maintain a bullish outlook with price targets ranging from $170 to $245.
In other recent news, Diamondback Energy reported stronger-than-expected earnings for the fourth quarter of 2024, with earnings per share (EPS) of $3.64, surpassing the forecasted $3.45. The company’s revenue reached $3.71 billion, exceeding the anticipated $3.55 billion. UBS maintained its Buy rating on Diamondback Energy, with a steady price target of $216, highlighting the company’s positive fourth-quarter results and operational efficiency. TD Cowen also upheld its Buy rating, setting a price target of $225, acknowledging Diamondback’s production surpassing expectations and lower capital expenditures. JPMorgan raised its price target for Diamondback Energy to $212, maintaining an Overweight rating, reflecting confidence in the company’s financial performance. The firm adjusted its earnings per share estimates for 2025 and 2026 to $14.50 and $13.61, respectively. Analysts from UBS and TD Cowen noted Diamondback’s strategic moves and cost management, emphasizing the company’s ability to derive value from mergers and acquisitions. These developments suggest a strong outlook for Diamondback Energy, as it continues to focus on operational efficiencies and strategic investments.
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