Diamondback Energy Expected to Earn Q1 2018 Earnings of $1.52 Per Share (FANG)

Diamondback Energy (NASDAQ:FANG) – Investment analysts at Piper Jaffray issued their Q1 2018 earnings per share (EPS) estimates for Diamondback Energy in a note issued to investors on Thursday, April 5th. Piper Jaffray analyst D. Kistler expects that the oil and natural gas company will post earnings of $1.52 per share for the quarter. Piper Jaffray has a “Buy” rating and a $141.00 price objective on the stock. Piper Jaffray also issued estimates for Diamondback Energy’s Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.71 EPS, Q4 2018 earnings at $1.84 EPS, Q1 2019 earnings at $2.06 EPS, Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.15 EPS and Q4 2019 earnings at $2.32 EPS.

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Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus set a $149.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, January 30th. BidaskClub downgraded shares of Diamondback Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Northland Securities set a $120.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research report on Wednesday, January 17th. Finally, Mizuho set a $148.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $141.60.

FANG stock opened at $116.62 on Monday. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $134.60. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26. The company has a market cap of $11,448.24, a PE ratio of 22.00, a PEG ratio of 0.65 and a beta of 0.83.

Diamondback Energy (NASDAQ:FANG) last released 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 net margin of 40.02% and a return on equity of 9.63%. The business had revenue of $399.19 million for the quarter, compared to analyst estimates of $370.74 million.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB boosted its holdings in shares of Diamondback Energy by 17.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 9,617 shares of the oil and natural gas company’s stock worth $1,214,000 after buying an additional 1,452 shares during the period. Ashburton Jersey Ltd boosted its holdings in shares of Diamondback Energy by 20.6% during the 4th quarter. Ashburton Jersey Ltd now owns 22,276 shares of the oil and natural gas company’s stock worth $2,812,000 after buying an additional 3,800 shares during the period. Delek Group Ltd. bought a new stake in shares of Diamondback Energy during the 4th quarter worth $6,303,000. William Blair Investment Management LLC boosted its holdings in shares of Diamondback Energy by 24.8% during the 4th quarter. William Blair Investment Management LLC now owns 851,819 shares of the oil and natural gas company’s stock worth $107,542,000 after buying an additional 169,321 shares during the period. Finally, BB&T Securities LLC boosted its holdings in shares of Diamondback Energy by 479.0% during the 4th quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock worth $2,103,000 after buying an additional 13,780 shares during the period.

In other Diamondback Energy news, VP Randall J. Holder sold 7,120 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $124.15, for a total value of $883,948.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction that occurred on 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. Insiders sold 136,431 shares of company stock valued at $17,101,852 over the last three months. Insiders own 0.41% of the company’s stock.

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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.

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

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