Diamondback Energy Inc (NASDAQ:FANG) – Stock analysts at SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for shares of Diamondback Energy in a research report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst N. Dingmann forecasts that the oil and natural gas company will post earnings of $1.58 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $165.00 price target on the stock. SunTrust Banks also issued estimates for Diamondback Energy’s Q2 2018 earnings at $1.73 EPS, Q3 2018 earnings at $1.94 EPS, Q4 2018 earnings at $2.10 EPS and FY2020 earnings at $14.35 EPS.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. The business had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million.
FANG has been the topic of a number of other reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $118.00 price target on shares of Diamondback Energy in a report on Friday, November 24th. Stephens reiterated a “buy” rating and issued a $160.00 price target on shares of Diamondback Energy in a report on Tuesday, February 6th. Stifel Nicolaus set a $149.00 price target on Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, January 30th. BidaskClub upgraded Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Goldman Sachs Group cut Diamondback Energy from a “conviction-buy” rating to a “buy” rating and raised their price objective for the stock from $106.53 to $118.00 in a research report on Friday, November 17th. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $139.40.
Shares of Diamondback Energy (NASDAQ:FANG) traded down $1.34 during trading hours on Monday, hitting $125.81. The stock had a trading volume of 1,040,000 shares, compared to its average volume of 1,370,000. Diamondback Energy has a twelve month low of $82.77 and a twelve month high of $134.52. The stock has a market cap of $12,350.00, a P/E ratio of 25.42, a PEG ratio of 0.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.61.
In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of Diamondback Energy stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $130.97, for a total transaction of $327,425.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael L. Hollis sold 10,000 shares of Diamondback Energy stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,431 shares of company stock valued at $24,001,312. 0.41% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of FANG. Xact Kapitalforvaltning AB lifted its holdings in shares of Diamondback Energy by 17.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 9,617 shares of the oil and natural gas company’s stock valued at $1,214,000 after buying an additional 1,452 shares during the period. Ashburton Jersey Ltd lifted its holdings in shares of Diamondback Energy by 20.6% in the 4th quarter. Ashburton Jersey Ltd now owns 22,276 shares of the oil and natural gas company’s stock valued at $2,812,000 after buying an additional 3,800 shares during the period. Delek Group Ltd. acquired a new position in shares of Diamondback Energy in the 4th quarter valued at about $6,303,000. William Blair Investment Management LLC lifted its holdings in shares of Diamondback Energy by 24.8% in the 4th quarter. William Blair Investment Management LLC now owns 851,819 shares of the oil and natural gas company’s stock valued at $107,542,000 after buying an additional 169,321 shares during the period. Finally, BB&T Securities LLC lifted its holdings in shares of Diamondback Energy by 479.0% in the 4th quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock valued at $2,103,000 after buying an additional 13,780 shares during the period.
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Diamondback Energy Company Profile
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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