Q1 2018 EPS Estimates for Diamondback Energy (FANG) Raised by Analyst

Diamondback Energy (NASDAQ:FANG) – Stock analysts at Piper Jaffray lifted their Q1 2018 earnings per share estimates for Diamondback Energy in a research report issued on Wednesday, April 18th. Piper Jaffray analyst D. Kistler now anticipates that the oil and natural gas company will post earnings per share of $1.60 for the quarter, up from their previous estimate of $1.58. Piper Jaffray has a “Buy” rating and a $143.00 price target on the stock. Piper Jaffray also issued estimates for Diamondback Energy’s Q2 2018 earnings at $1.62 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.87 EPS, FY2018 earnings at $6.83 EPS, Q1 2019 earnings at $2.13 EPS, Q2 2019 earnings at $2.27 EPS, Q3 2019 earnings at $2.44 EPS and Q4 2019 earnings at $2.57 EPS.

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Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. The company had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million.

Several other brokerages also recently commented on FANG. ValuEngine upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Credit Suisse Group set a $143.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Diamondback Energy from $138.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus set a $149.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $141.56.

Shares of NASDAQ:FANG opened at $128.40 on Thursday. Diamondback Energy has a 52 week low of $82.77 and a 52 week 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. The firm has a market capitalization of $12,477.06, a PE ratio of 24.23, a PEG ratio of 0.71 and a beta of 0.83.

Large investors have recently made changes to their positions in the business. Captrust Financial Advisors bought a new stake in Diamondback Energy during the 4th quarter worth about $149,000. IFP Advisors Inc raised its holdings in 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 last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 last quarter. KCS Wealth Advisory bought a new stake in Diamondback Energy during the 4th quarter worth about $202,000. Finally, Dearborn Partners LLC bought a new stake in Diamondback Energy during the 4th quarter worth about $208,000.

In other Diamondback Energy news, CEO Travis D. Stice sold 87,150 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $125.20, for a total transaction of $10,911,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $130.97, for a total value of $327,425.00. The disclosure for this sale can be found here. Insiders have sold a total of 136,431 shares of company stock valued at $17,070,232 over the last three months. Company insiders own 0.41% of the company’s stock.

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Diamondback Energy Company Profile

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.

Earnings History and Estimates for Diamondback Energy (NASDAQ:FANG)

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