Diamondback Energy (NASDAQ:FANG) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 6th. Analysts expect Diamondback Energy to post earnings of $1.56 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.64 by ($0.05). The company had revenue of $526.30 million during the quarter, compared to analyst estimates of $479.57 million. Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. The firm’s revenue for the quarter was up 95.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. On average, analysts expect Diamondback Energy to post $6 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Shares of FANG opened at $114.32 on Monday. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 0.72 and a beta of 0.70. Diamondback Energy has a fifty-two week low of $105.66 and a fifty-two week high of $140.78. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Thursday, October 25th. Ifs Securities assumed coverage on shares of Diamondback Energy in a research note on Monday, October 29th. They issued a “strong-buy” rating on the stock. Morgan Stanley raised their target price on shares of Diamondback Energy from $163.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday, July 12th. Finally, Williams Capital set a $165.00 target price on shares of Diamondback Energy and gave the company a “hold” rating in a research note on Wednesday, August 15th. Four research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $156.31.
In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $127.80, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president now directly owns 89,532 shares of the company’s stock, valued at approximately $11,442,189.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by company insiders.
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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