Q1 2018 EPS Estimates for Diamondback Energy Inc (FANG) Lifted by Capital One Financial

Diamondback Energy Inc (NASDAQ:FANG) – Equities research analysts at Capital One Financial raised their Q1 2018 EPS estimates for Diamondback Energy in a report issued on Tuesday. Capital One Financial analyst R. Tullis now expects that the oil and natural gas company will earn $1.49 per share for the quarter, up from their prior forecast of $1.48. Capital One Financial also issued estimates for Diamondback Energy’s FY2018 earnings at $6.57 EPS.

Several other equities analysts also recently weighed in on FANG. B. Riley began coverage on shares of Diamondback Energy in a research note on Monday. They issued a “neutral” rating and a $150.00 price target on the stock. Morgan Stanley cut their price objective on shares of Diamondback Energy to $164.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank started coverage on shares of Diamondback Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $162.00 price objective for the company. Stephens restated a “buy” rating and set a $160.00 price objective on shares of Diamondback Energy in a research report on Tuesday. Finally, Stifel Nicolaus set a $149.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Diamondback Energy has a consensus rating of “Buy” and an average target price of $135.11.

Diamondback Energy (NASDAQ:FANG) opened at $118.50 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. The firm has a market cap of $11,966.59, a PE ratio of 28.69, a PEG ratio of 0.63 and a beta of 0.91. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $134.52.

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

Several hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC acquired a new position in shares of Diamondback Energy in the fourth quarter valued at approximately $517,000. California Public Employees Retirement System grew its holdings in shares of Diamondback Energy by 12.5% in the fourth quarter. California Public Employees Retirement System now owns 209,415 shares of the oil and natural gas company’s stock valued at $26,439,000 after purchasing an additional 23,254 shares in the last quarter. Icon Advisers Inc. Co. grew its holdings in shares of Diamondback Energy by 1.8% in the fourth quarter. Icon Advisers Inc. Co. now owns 330,931 shares of the oil and natural gas company’s stock valued at $41,780,000 after purchasing an additional 6,000 shares in the last quarter. Wellington Shields Capital Management LLC grew its holdings in shares of Diamondback Energy by 15.5% in the fourth quarter. Wellington Shields Capital Management LLC now owns 10,450 shares of the oil and natural gas company’s stock valued at $1,319,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Diamondback Energy by 17.8% in the fourth quarter. Essex Investment Management Co. LLC now owns 56,818 shares of the oil and natural gas company’s stock valued at $7,173,000 after purchasing an additional 8,591 shares in the last quarter.

In other Diamondback Energy news, CEO Travis D. Stice sold 35,000 shares of Diamondback Energy 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael L. Hollis sold 10,000 shares of Diamondback Energy stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,400 shares of company stock valued at $8,896,150. Company insiders own 0.41% of the company’s stock.

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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.

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

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