Diamondback Energy Inc (NASDAQ:FANG) – Equities research analysts at SunTrust Banks issued their Q1 2019 earnings estimates for Diamondback Energy in a research report issued to clients and investors on Wednesday, February 20th. SunTrust Banks analyst N. Dingmann anticipates that the oil and natural gas company will earn $1.49 per share for the quarter. SunTrust Banks also issued estimates for Diamondback Energy’s Q2 2019 earnings at $1.64 EPS, Q3 2019 earnings at $1.91 EPS, Q4 2019 earnings at $2.31 EPS, FY2020 earnings at $12.13 EPS and FY2021 earnings at $14.19 EPS.
A number of other analysts have also recently weighed in on FANG. BidaskClub upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research reiterated a “hold” rating on shares of Diamondback Energy in a research note on Tuesday, November 13th. Williams Capital reiterated a “buy” rating and set a $153.00 price target on shares of Diamondback Energy in a research note on Wednesday. Imperial Capital reiterated an “outperform” rating and set a $140.00 price target (down previously from $170.00) on shares of Diamondback Energy in a research note on Thursday, December 20th. Finally, Citigroup reiterated a “buy” rating and set a $155.00 price target on shares of Diamondback Energy in a research note on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $158.74.
Shares of NASDAQ:FANG opened at $104.03 on Friday. The firm has a market cap of $10.78 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 0.52 and a beta of 0.93. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. Diamondback Energy has a 1-year low of $85.19 and a 1-year high of $140.78.
Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Tuesday, February 19th. The oil and natural gas company reported $1.21 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.41). The company had revenue of $633.06 million during the quarter, compared to analysts’ expectations of $663.21 million. Diamondback Energy had a net margin of 38.84% and a return on equity of 10.45%.
Several hedge funds and other institutional investors have recently made changes to their positions in FANG. Ranger Investment Management L.P. acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $25,000. Legacy Financial Advisors Inc. acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $30,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Diamondback Energy by 28,126.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,981,881 shares of the oil and natural gas company’s stock valued at $32,000 after purchasing an additional 2,971,317 shares during the period. Webster Bank N. A. acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $36,000. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Diamondback Energy by 114.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock valued at $37,000 after purchasing an additional 214 shares during the period.
In other news, VP Hof Matthew Kaes Van’t sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $89.91, for a total value of $89,910.00. Following the completion of the sale, the vice president now owns 5,757 shares in the company, valued at approximately $517,611.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Wednesday, February 20th. Diamondback Energy’s dividend payout ratio (DPR) is presently 8.52%.
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.
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