Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at US Capital Advisors cut their Q3 2017 earnings estimates for Diamondback Energy in a research note issued to investors on Tuesday. US Capital Advisors analyst C. Horwitz now expects that the oil and natural gas company will post earnings of $1.25 per share for the quarter, down from their prior estimate of $1.39. US Capital Advisors has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Diamondback Energy’s FY2017 earnings at $5.02 EPS, Q1 2018 earnings at $1.72 EPS, Q2 2018 earnings at $1.85 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $2.02 EPS and FY2018 earnings at $7.54 EPS.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.44. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The firm had revenue of $267.40 million for the quarter, compared to analysts’ expectations of $258.75 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 137.7% on a year-over-year basis.

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Several other research firms have also recently commented on FANG. BidaskClub raised shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Roth Capital lifted their price target on shares of Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 27th. BMO Capital Markets set a $100.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, August 1st. Northland Securities set a $125.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Morgan Stanley lifted their target price on shares of Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Diamondback Energy presently has a consensus rating of “Buy” and an average price target of $122.13.

Diamondback Energy (NASDAQ FANG) opened at 99.67 on Wednesday. The firm has a market capitalization of $9.78 billion, a PE ratio of 27.40 and a beta of 1.08. Diamondback Energy has a 12-month low of $82.77 and a 12-month high of $114.00. The company has a 50-day moving average price of $97.44 and a 200-day moving average price of $94.96.

In related news, insider Michael L. Hollis sold 2,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $102.44, for a total transaction of $204,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul Molnar sold 5,000 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $95.04, for a total transaction of $475,200.00. Following the sale, the vice president now owns 42,563 shares of the company’s stock, valued at approximately $4,045,187.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,805 shares of company stock valued at $1,239,381 over the last ninety days. 0.41% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in FANG. Johnson Financial Group Inc. acquired a new stake in shares of Diamondback Energy during the 2nd quarter worth about $102,000. Cubist Systematic Strategies LLC boosted its stake in shares of Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after purchasing an additional 700 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Diamondback Energy in the 2nd quarter valued at about $215,000. BB&T Securities LLC bought a new position in shares of Diamondback Energy in the 2nd quarter valued at about $217,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Diamondback Energy by 1.9% in the 1st 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 purchasing an additional 40 shares during the last quarter.

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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