Q4 2017 EPS Estimates for Diamondback Energy Inc (FANG) Lifted by US Capital Advisors

Diamondback Energy Inc (NASDAQ:FANG) – Research analysts at US Capital Advisors increased their Q4 2017 EPS estimates for shares of Diamondback Energy in a report issued on Monday, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now expects that the oil and natural gas company will post earnings per share of $1.60 for the quarter, up from their prior estimate of $1.47. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Diamondback Energy’s Q1 2018 earnings at $1.89 EPS, Q2 2018 earnings at $2.06 EPS, Q3 2018 earnings at $2.19 EPS and Q4 2018 earnings at $2.26 EPS.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The firm had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter last year, the company posted ($0.03) EPS. The company’s quarterly revenue was up 112.0% compared to the same quarter last year.

FANG has been the subject of several other research reports. Barclays lifted their price target on shares of Diamondback Energy from $105.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group initiated coverage on shares of Diamondback Energy in a research report on Monday, October 9th. They set a “buy” rating and a $124.00 price target for the company. Citigroup initiated coverage on shares of Diamondback Energy in a research report on Friday, December 1st. They set a “buy” rating and a $130.00 price target for the company. Finally, Northland Securities reiterated a “buy” rating and set a $125.00 price target on shares of Diamondback Energy in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $126.88.

Shares of Diamondback Energy (NASDAQ:FANG) traded up $2.62 during trading hours on Wednesday, hitting $108.95. 727,515 shares of the stock traded hands, compared to its average volume of 1,342,536. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $114.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. The firm has a market cap of $10,690.00, a PE ratio of 23.35, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09.

Several hedge funds and other institutional investors have recently bought and sold shares of FANG. Johnson Financial Group Inc. acquired a new position in Diamondback Energy during the second quarter worth $102,000. Cubist Systematic Strategies LLC increased its holdings in Diamondback Energy by 46.7% during the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after buying an additional 700 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Diamondback Energy during the third quarter worth $206,000. Commerce Bank acquired a new position in Diamondback Energy during the third quarter worth $208,000. Finally, Sentry Investment Management LLC acquired a new position in Diamondback Energy during the second quarter worth $215,000.

In other news, VP Paul Molnar sold 5,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total value of $475,200.00. Following the sale, the vice president now directly owns 42,563 shares in the company, valued at $4,045,187.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $96.89, for a total transaction of $387,560.00. Following the completion of the sale, the vice president now owns 70,214 shares in the company, valued at $6,803,034.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,400 shares of company stock worth $2,753,230. Insiders own 0.41% of the company’s stock.

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About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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

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