Diamondback Energy (NASDAQ:FANG) – Equities research analysts at Piper Jaffray issued their Q1 2018 earnings estimates for Diamondback Energy in a research report issued on Thursday, April 5th. Piper Jaffray analyst D. Kistler anticipates that the oil and natural gas company will post earnings per share of $1.52 for the quarter. Piper Jaffray has a “Buy” rating and a $141.00 price target on the stock. Piper Jaffray also issued estimates for Diamondback Energy’s Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.71 EPS, Q4 2018 earnings at $1.84 EPS, Q1 2019 earnings at $2.06 EPS, Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.15 EPS and Q4 2019 earnings at $2.32 EPS.
FANG has been the topic of a number of other reports. Stephens reaffirmed a “buy” rating and issued a $160.00 target price on shares of Diamondback Energy in a report on Tuesday, February 6th. BidaskClub cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Stifel Nicolaus set a $149.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, January 30th. UBS assumed coverage on shares of Diamondback Energy in a report on Wednesday, March 7th. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of Diamondback Energy to $164.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $141.60.
Shares of Diamondback Energy stock opened at $113.29 on Monday. The firm has a market capitalization of $11,448.27, a PE ratio of 21.38, a price-to-earnings-growth ratio of 0.65 and a beta of 0.82. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $134.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62.
Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%.
Several large investors have recently bought and sold shares of FANG. Captrust Financial Advisors acquired a new position in shares of Diamondback Energy during the 4th quarter worth $149,000. IFP Advisors Inc grew its stake in shares of Diamondback Energy by 42.6% during the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after purchasing an additional 389 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Diamondback Energy by 476.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock worth $178,000 after purchasing an additional 1,167 shares during the period. KCS Wealth Advisory acquired a new position in shares of Diamondback Energy during the 4th quarter worth $202,000. Finally, Dearborn Partners LLC acquired a new position in shares of Diamondback Energy during the 4th quarter worth $208,000.
In other news, CFO Teresa L. Dick sold 2,500 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $130.97, for a total transaction of $327,425.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Travis D. Stice sold 87,150 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $125.20, for a total transaction of $10,911,180.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,431 shares of company stock worth $17,101,852. Corporate insiders own 0.41% of the company’s stock.
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About Diamondback Energy
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.
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