Equities analysts forecast that Diamondback Energy Inc (NASDAQ:FANG) will report earnings of $0.95 per share for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Diamondback Energy’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $1.31. Diamondback Energy posted earnings per share of $0.26 during the same quarter last year, which would suggest a positive year-over-year growth rate of 265.4%. The company is expected to issue its next earnings results on Tuesday, August 1st.

On average, analysts expect that Diamondback Energy will report full year earnings of $4.45 per share for the current fiscal year, with EPS estimates ranging from $2.69 to $6.66. For the next year, analysts anticipate that the business will report earnings of $6.24 per share, with EPS estimates ranging from $3.00 to $10.24. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Diamondback Energy.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.43. Diamondback Energy had a negative net margin of 82.83% and a positive return on equity of 4.26%. The company had revenue of $235.23 million for the quarter, compared to analyst estimates of $218.62 million.

FANG has been the topic of several recent analyst reports. Piper Jaffray Companies reiterated an “overweight” rating and issued a $141.00 price target on shares of Diamondback Energy in a report on Thursday. Scotiabank restated a “buy” rating and set a $121.00 target price on shares of Diamondback Energy in a report on Thursday, May 4th. BMO Capital Markets set a $120.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, May 2nd. Roth Capital set a $130.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Williams Capital restated a “hold” rating and set a $120.00 target price on shares of Diamondback Energy in a report on Wednesday, May 3rd. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $117.50.

Diamondback Energy (NASDAQ:FANG) traded down 0.22% during midday trading on Thursday, hitting $99.15. 794,816 shares of the stock were exchanged. Diamondback Energy has a 1-year low of $82.80 and a 1-year high of $114.00. The stock has a market cap of $9.73 billion, a PE ratio of 2109.57 and a beta of 1.12. The company’s 50 day moving average is $101.94 and its 200-day moving average is $102.41.

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In other news, Director Mark Lawrence Plaumann sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $101.52, for a total transaction of $101,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Russell Pantermuehl sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $103.01, for a total transaction of $206,020.00. Following the sale, the vice president now directly owns 74,214 shares of the company’s stock, valued at approximately $7,644,784.14. The disclosure for this sale can be found here. In the last three months, insiders sold 10,000 shares of company stock valued at $1,044,240. 0.35% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in FANG. FMR LLC raised its stake in Diamondback Energy by 17.0% in the first quarter. FMR LLC now owns 11,423,256 shares of the oil and natural gas company’s stock valued at $1,184,763,000 after buying an additional 1,661,551 shares during the last quarter. Boston Partners raised its stake in Diamondback Energy by 8.4% in the third quarter. Boston Partners now owns 7,736,867 shares of the oil and natural gas company’s stock valued at $746,917,000 after buying an additional 598,307 shares during the last quarter. Vanguard Group Inc. raised its stake in Diamondback Energy by 6.0% in the first quarter. Vanguard Group Inc. now owns 7,336,800 shares of the oil and natural gas company’s stock valued at $760,937,000 after buying an additional 417,820 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Diamondback Energy by 8.1% in the first quarter. JPMorgan Chase & Co. now owns 6,354,921 shares of the oil and natural gas company’s stock valued at $659,101,000 after buying an additional 477,648 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Diamondback Energy by 5,554.4% in the first quarter. BlackRock Inc. now owns 4,707,194 shares of the oil and natural gas company’s stock valued at $488,205,000 after buying an additional 4,623,946 shares during the last quarter. 95.51% of the stock is owned by hedge funds and other institutional investors.

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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