Diamondback Energy, Inc. (NASDAQ:FANG) – Equities research analysts at KeyCorp boosted their Q3 2017 earnings per share (EPS) estimates for Diamondback Energy in a research note issued to investors on Wednesday. KeyCorp analyst C. Stevens now anticipates that the oil and natural gas company will earn $1.30 per share for the quarter, up from their previous forecast of $1.28. KeyCorp currently has a “Buy” rating and a $113.00 target price on the stock. KeyCorp also issued estimates for Diamondback Energy’s Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $5.09 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.36 EPS and FY2018 earnings at $4.55 EPS.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.44. The company had revenue of $267.40 million for the quarter, compared to analyst estimates of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The business’s quarterly revenue was up 137.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Diamondback Energy, Inc. Issued By KeyCorp (FANG)” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/20/q3-2017-earnings-estimate-for-diamondback-energy-inc-issued-by-keycorp-fang.html.

A number of other equities research analysts have also issued reports on FANG. BMO Capital Markets restated a “buy” rating and issued a $100.00 target price on shares of Diamondback Energy in a research note on Tuesday, June 27th. Scotiabank set a $95.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub upgraded shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC restated a “hold” rating and issued a $93.00 target price on shares of Diamondback Energy in a research note on Friday, July 7th. Finally, TheStreet lowered shares of Diamondback Energy from a “b-” rating to a “c” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $122.13.

Diamondback Energy (NASDAQ:FANG) opened at 101.59 on Friday. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 27.93 and a beta of 1.08. Diamondback Energy has a one year low of $82.77 and a one year high of $114.00. The firm’s 50 day moving average price is $96.80 and its 200 day moving average price is $95.18.

Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Diamondback Energy by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock valued at $224,000 after acquiring an additional 40 shares in the last quarter. Green Square Capital LLC boosted its holdings in shares of Diamondback Energy by 1.2% in the second quarter. Green Square Capital LLC now owns 3,531 shares of the oil and natural gas company’s stock valued at $314,000 after acquiring an additional 42 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of Diamondback Energy by 1.5% in the second quarter. Profund Advisors LLC now owns 4,163 shares of the oil and natural gas company’s stock valued at $370,000 after acquiring an additional 62 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Diamondback Energy by 5.8% in the first quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock valued at $239,000 after acquiring an additional 126 shares in the last quarter. Finally, AT Bancorp boosted its holdings in shares of Diamondback Energy by 1.8% in the second quarter. AT Bancorp now owns 8,475 shares of the oil and natural gas company’s stock valued at $753,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

In other news, VP Paul Molnar sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total value of $475,200.00. Following the completion of the transaction, the vice president now directly owns 42,563 shares in the company, valued at $4,045,187.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $88.49, for a total transaction of $57,518.50. Following the completion of the transaction, the vice president now owns 4,950 shares of the company’s stock, valued at $438,025.50. The disclosure for this sale can be found here. Insiders sold 12,805 shares of company stock valued at $1,239,381 over the last quarter. Insiders own 0.41% of the company’s stock.

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.

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

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