Equities analysts expect that Diamondback Energy Inc (NASDAQ:FANG) will post earnings of $1.51 per share for the current quarter, Zacks reports. Thirteen analysts have made estimates for Diamondback Energy’s earnings, with estimates ranging from $1.24 to $1.91. Diamondback Energy posted earnings per share of $1.04 in the same quarter last year, which indicates a positive year-over-year growth rate of 45.2%. The firm is expected to announce its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Diamondback Energy will report full year earnings of $6.83 per share for the current fiscal year, with EPS estimates ranging from $5.44 to $8.31. For the next fiscal year, analysts forecast that the firm will post earnings of $9.68 per share, with EPS estimates ranging from $7.18 to $11.84. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Diamondback Energy.
Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The business had revenue of $399.19 million during the quarter, compared to the consensus estimate of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%.
In other news, CEO Travis D. Stice sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Teresa L. Dick sold 2,500 shares of the firm’s 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,431 shares of company stock valued at $24,001,312. 0.41% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. IBM Retirement Fund acquired a new stake in shares of Diamondback Energy during the 3rd quarter worth about $960,000. Sterling Capital Management LLC lifted its stake in shares of Diamondback Energy by 21.0% during the 3rd quarter. Sterling Capital Management LLC now owns 37,872 shares of the oil and natural gas company’s stock worth $3,710,000 after buying an additional 6,575 shares during the last quarter. Strategic Global Advisors LLC acquired a new stake in shares of Diamondback Energy during the 3rd quarter worth about $573,000. Janney Montgomery Scott LLC lifted its stake in shares of Diamondback Energy by 139.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,546 shares of the oil and natural gas company’s stock worth $1,817,000 after buying an additional 10,806 shares during the last quarter. Finally, Ashburton Jersey Ltd lifted its stake in shares of Diamondback Energy by 179.3% during the 3rd quarter. Ashburton Jersey Ltd now owns 18,476 shares of the oil and natural gas company’s stock worth $1,810,000 after buying an additional 11,860 shares during the last quarter.
Diamondback Energy (NASDAQ:FANG) traded down $1.34 during trading on Friday, reaching $125.81. 1,040,000 shares of the company were exchanged, compared to its average volume of 1,370,000. The company has a market capitalization of $12,350.00, a P/E ratio of 25.42, a P/E/G ratio of 0.72 and a beta of 0.91. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $134.52. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26.
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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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